If you ask senior corporate executives whether their firms stock prices are overvalued, undervalued, or fairly valued,
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Question:
If you ask senior corporate executives whether their firms stock prices are overvalued, undervalued, or fairly valued, which do you think would be the most common response? What does this have to do with the pecking-order theory?
Use a signaling argument to explain why students return to school to pursue an MBA and why the market rewards individuals who obtain an MBA with higher salaries.
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