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The president of Easton Semiconductor Corporation made this statement in the company's annual report:ESC's primary goal is to increase the value of our common stockholders
The president of Easton Semiconductor Corporation made this statement in the company's annual report:"ESC's primary goal is to increase the value of our common stockholders equity. later in the report the folllowing announcements were made: A ESC contributed 1.5 million to the symphony orchestra in bridgeport,connecticut, where it is headquartered. B. esc is spending 500 million to open a new plant and expand operations in china. no profits will be produced by the chinese operations for 4 years, so earning will be depressed during this period versus what they would have been had the decision not been made to expand in that market. Discuss how esc's stockholders might view each of these actions, and how the action might affect the stock price
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