Problem
I. The Textbook says that the primary goal of managers should be to maximize the wealth of the shareholders.
Then, share your opinion regarding the primary goal you believe managers should pursue.
II. Briefly discuss how you'd save $1,000,000 for retirement, assuming you'll retire in 30 years.
III. Callable bonds usually pay a one-year interest payment as a call premium. If you are a CFO considering issuing 30-year corporate bonds, which do you think is a better choice between callable and non-callable bonds? Discuss it in the environment of the current market situation.