What is an agency cost

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Reference no: EM13143136

Which one of the following is an agency cost?

a) accepting an investment opportunity that will add value to the firm

b) increasing the quarterly dividend

c) investing in a new project that creates firm value

d) hiring outside accountants to audit the company's financial statements

e) closing a division of the firm that is operating at a loss

Reference no: EM13143136

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