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You are invested in GreenFrame, Inc. The CEO owns 3% of GreenFrame and is considering an acquisition. If the acquisition destroys $50 million of GreenFrame's

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You are invested in GreenFrame, Inc. The CEO owns 3% of GreenFrame and is considering an acquisition. If the acquisition destroys $50 million of GreenFrame's value, but the present value of the CEO's compensation increases by $5 million, will he be better or worse off? Note: Ignore taxes. (Select from the drop down menu.) The CEO will be because his wealth has changed by $ million. (Round to two decimal places.) worse off better off indifferent

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