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The president of TPS Devices (TPS) made this statement in the company's annual report: TPS's primary goal is to increase the value of our common

The president of TPS Devices (TPS) made this statement in the company's annual report: TPS's primary goal is to increase the value of our common stockholders equity. Later in the report the following announcements were made: a. TPS contributed $1.5 million to the Symphony Orchestra in Bridgeport, CT, where it is headquartered. b. TPS is spending $500 million to open a new plant and expand operations in China. No profits will be produced by the Chinese operations for four years, so earnings will be depressed during this. Versus what they would have been had the decision not been made to expand in that market. Discuss how TPS's stockholders might view each of these actions, and how the actions might affect the stock price.

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