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2 pts Question 16 Which of the following best characterizes an agency problem? Spending corporate resources Dislike of firm's bondholders by its equity holders Friction

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2 pts Question 16 Which of the following best characterizes an agency problem? Spending corporate resources Dislike of firm's bondholders by its equity holders Friction between the primary and secondary markets Differing incentives between managers and owners D Question 17 2 pts When evaluating a capital project using internal rate of return (IRR), it is correct to: Accept all projects where IRR is greater than the cost of capital Reject all projects where IRR is greater than the cost of capital Reject only projects where IRR is equal to the cost of capital. Accept only projects where IRR is equal to the cost of capital

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