In the text’s equity management model based on Myers (2000), a firm’s
In the text’s equity management model based on Myers (2000), a firm’s net cash flow is allocated in three directions. Which of the following is NOT one of these directions?
a. acquisitions
b. dividends and share repurchases
c. reinvestment
d. management’s private benefits of control (i.e., perks)
ANSWER
A
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