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Question $1(1$ point$)$

Which of the following is the best way for a company to maximize shareholder value?

$$ a$)$ Generate sustainable operating profits by mitigating excessive risk.

b$)$ Generate sustainable operating cash flows without excessive risk.

c$)$ Generate higher returns by investing excess cash flows in risky investments.

d$)$ Generate a high dividend return for shareholders to lower the risk of their investment.