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What is the implication of positive marginal utility of wealth for the financial manager? Make the stock price as high as possible Always engage in
What is the implication of positive marginal utility of wealth for the financial manager?
Make the stock price as high as possible | ||
Always engage in mergers and acquisitions | ||
Minimize cash flows | ||
Maximize agency costs | ||
Invest up to the point where marginal revenue is less than marginal cost |
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