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Which one of the following actions by a financial manager creates an agency problem? refusing to lower selling prices if doing so will reduce the

Which one of the following actions by a financial manager creates an agency problem? refusing to lower selling prices if doing so will reduce the net profits. agreeing to pay out excess cash to shareholders. refusing to borrow money when doing so will create losses for the firm. agreeing to expand the company at the expense of stockholders' value.O increasing current costs in order to increase the market value of the stockholders equity.

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