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Unformatted text preview: shareholder wealth? Which goal do you think is more appropriate? 2. What does the risk-return trade-off mean? 3. Why are we interested in cash flows rather than accounting profits in determining the value of an asset? 4. What is an efficient market and what are the implications of efficient markets for us? 5. What is the cause of the agency problem and how do we try to solve it? 6. What do ethics and ethical behavior have to do with finance? 7. Define (a) sole proprietorship, (b) partnership, and (c) corporation....
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- Fall '09