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explain the agency problems: 1,shareholders elect to invest in negative NPV prog

explain the agency problems: 1,shareholders elect to invest in negative NPV prog

explain the agency problems:
1,shareholders elect to invest in negative NPV progects.
2,firm is issuing dividend and debt at the same time.explain the agency problems:1,shareholders elect to invest in negative NPV progects.2,firm is issuing dividend and debt at the same time.

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