We can imagine the financial manager doing several things on behalf of the firm$$s stockholders. But in well$-$functioning capital markets, shareholders will vote for only one of these goals. Which one?

Multiple Choice

Modify the firm$$s investment plan to help shareholders achieve a particular time pattern of consumption.

Choose high$-$ or low$-$risk assets to match shareholders$$ risk preferences.

Make shareholders as wealthy as possible by investing in real assets.

Help balance shareholders$$ checkbooks.