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Which one of the following actions by a financial manager is likely to create an agency problem? Group of answer choices Borrowing money when doing

Which one of the following actions by a financial manager is likely to create an agency problem?

Group of answer choices

Borrowing money when doing so creates value for the firm.

Merging with a company from a different industry to stabilize earnings and reduce the stock's beta.

Investing in positive NVP projects.

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