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Which one of the following actions by a financial manager creates an agency problem? Multiple Choice ) Refusing to spend current cash on an unprofitable

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Which one of the following actions by a financial manager creates an agency problem? Multiple Choice ) Refusing to spend current cash on an unprofitable project Borrowing money when doing so creates value for the form Borrowi C ) Agreeing to pay management bonuses based on the market value of the firm's stoch C ) Agreeing to expand the company at the expense of stockholders' value to search Borrowing money when doing so creates value for the firm Agreeing to pay management bonuses based on the market value of the firm's stock 0 Agreeing to expand the company at the expense of stockholders' value 0 0 Lowering selling prices that will result in increased firm value ch

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