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1. The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to _________. (Points: 4)
maximize its expected total corporate income
maximize its expected EPS
minimize the chances of losses
maximize the stock price per share over the long run, which is the stock’s intrinsic value
maximize the stock price on a specific target date
2. What’s the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded semiannually? (Points: 4)
$2,854.13
$2,781.45
$2,324.89
$2,011.87
$2,530.64