True or False/Why:

1. Since stock price can be manipulated by the financial manager through stock buybacks and other informational signaling, maximizing shareholder wealth is a simple task.

2. Institutional ownership is sought after by new, fast moving organizations because it provides a stable and respected ownership base.

3. A company can sell their shares in the secondary market by using a syndicate.

4. Liquidity is nearer to a cash position, and more of it is always desired by the company, bondholders and shareholders alike.