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Which of the following goals is the most appropriate for financial managers? I. Maximize short term accounting profits of the firm II. Maximize shareholder value

Which of the following goals is the most appropriate for financial managers?

I. Maximize short term accounting profits of the firm

II. Maximize shareholder value for existing owners

III. Maximize long term accounting profitability of the firm

a. I only

b. II only

c. III only

d. Both I and III

e. I, II, or III are all equally appropriate and correct

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