Question: Please answer the question with a detailed steps and formulas so I can understand it more. ( The Question Is Completed) b. Discuss the advantages
Please answer the question with a detailed steps and formulas so I can understand it more. ( The Question Is Completed)

b. Discuss the advantages and disadvantages of the following forms of managerial compensation in terms of mitigating agency problems, that is, potential conflicts of interest between managers and shareholders. (15 marks) i. A fixed salary ii. Stock in the firm that must be held for five years iii. A salary linked to the firm's profits
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