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which earns $500 million annually. In 1984, Bernard took his company public, and it is now traded on the NASDAQ market and rated Baa by a nationally recognized rating agency.
A corporation is owned by shareholders who share the privilege of limited liability and whose liability exposure is usually no greater than their initial investment.
A corporation has a continued life and is not dependent on any one shareholder for
maintaining its legal existence. A key feature of the corporation is the easy divisibility of the ownership interest by issuing shares of stock(Block & Hirt, 2005)
Discuss definitions of wealth maximization (Ross Ch...
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