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Too often, managers’ personal goals compete with shareholder wealth maximization. Sometimes, managers pay themselves excessive salaries or bonuses that are at odds with the idea of shareholder wealth maximization. September 2023
4.To achieve diversification, John invests in APPLE and WALMART. What are the weights on the two stocks to achieve the optimal risky portfolio? What are the mean and standard deviation of returns on his optimal risky portfolio? Must show your calculation September 2023
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