the long-run goal of financial management should be to: a) maximize the firms shareholder wealth b)...

the long-run goal of financial management should be to:

a) maximize the firms shareholder wealth

b) maximize the firms outstanding share of stock

c) minimize the firms reliance upon debt

d) maximize the firms sales

Solutions

Expert Solution

a is correct.

The long term objective is to maximize the shareholder wealth. Maximizing outstanding shares, minimizing debt or maximizing sales doesn't necessarily lead to shareholder wealth.

jeff jeffy answered 1 year ago

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