We said that maximizing value makes sense only if we assume well-functioning capital markets. What does well-functioning

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We said that maximizing value makes sense only if we assume well-functioning capital markets. What does “well-functioning” mean? Can you think of circumstances in which maximizing value would not be in all shareholders’ interests?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 03:53 AM

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We said that maximizing value makes sense only if we assume well-functioning capital markets. What does well-functioning

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Well functioning means investors all have free and equal access to competit...View the full answer

Principles of Corporate Finance

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