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The Financial Manager and the Firm

Learning Objectives
Identify the key financial decisions facing the financial manager of any business.
Identify common forms of business organization in the United States and their respective strengths and weaknesses.
Describe the typical organization of the financial function in a large corporation.
Explain why maximizing the current value of the firm's stock is the appropriate goal for management.
Discuss how agency conflicts affect the goal of maximizing stockholder value.
Explain why ethics is an appropriate topic in the study of corporate finance.
On May 24, 2012, Apollo Global Management, LLC, announced the completion of a $7.15 billion purchase of El Paso Corporation's oil and gas exploration and production business. This business, which ...
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