Which one of the following actions by a financial manager creates an agency problem? Select one: Refusing to borrow money when doing so will create losses for the firm. Refusing to lower selling prices if doing so will reduce the net profits. Agreeing to expand the company at the expense of stockholders' value. Agreeing to pay bonuses based on the market value of the company stock. Decreasing current costs in order to increase the market value of the stockholders' equity