Under what conditions would a policy of maximizing the value of the firm not the same as a policy of maximizing shareholders' wealth?
A) If the issue of debt increases the probability of bankruptcy
B) If the firm issues debt for the first time
C) If the beta of equity is positive
D) If an issue of debt affects the market value of existing debt

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The Answer of Under what conditions would a policy of maximizing the value of the firm not the same as a policy of maximizing shareholders' wealth?
A) If the issue of debt increases the probability of bankruptcy
B) If the firm issues debt for the first time
C) If the beta of equity is positive
D) If an issue of debt affects the market value of existing debt

Under What Conditions Would a Policy of Maximizing the Value