For questions 1-1 should be a total between 300-400 words:
1-1a What does it mean to say that managers should maximize shareholders’ wealth “subject to ethical constraints”?
1-1b. What ethical considerations might enter into decisions that result in cash flow and stock price effects that are valued lower than they might otherwise have been?
For 1-2 questions should be a total of 300-400 words and support your rationale with at least one citation from the literature.
1-2a. What role do primary financial markets play in our economy?
1-2b. What role do secondary markets fill?
1-3c. Describe the relationship that exists between financial institutions and financial markets and suggest a method in which this relationship can run more smoothly.