Question: 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,

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 agency problem, and how do we try to solve it? 6. How might agency problem affect the goal of maximization of shareholder wealth? 7. What do ethics and ethical behavior have to do with finance? 8. Compare and contrast sole proprietorship, partnership, and corporation. 9. What are some problems involved in implementing the goal of maximization of shareholder wealth

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