The goal of most financial managers is to reduce the amount of long-term debt to zero,thus maximizing shareholder wealth.

Question

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The goal of most financial managers is to maximize shareholder wealth, but reducing the amount of long-term debt to zero may not be the best way to achieve this. Long-term debt can provide tax benefits and may be necessary for financing growth or investments. The appropriate level of debt will depend on the company's specific circumstances and financial goals.

The Goal of Most Financial Managers Is to Reduce the Amount