If an incompetent management team controls a large block of votes,it may use these votes to stay in control.
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Q3: The gap between internally generated cash and
Q4: The price at which new shares are
Q5: A corporation cannot default on funded debt.
Q6: Companies sometimes sell the cash flows from
Q7: A majority of a firm's directors must
Q9: Only a portion of the board of
Q10: If you are concerned with maintaining the
Q11: Firms have the right to resell any
Q12: Dividends represent an important component of a
Q13: Suppose a firm needs fresh capital,but its
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