maximizing shareholder value look back to the numerical example
graphed in figure 1A.1. SUPPOSE THE INTEREST RATE IS 20%. WHAT WOULD THE ANT(A) AND GRASSHOPPER (G) DO IF THEY BOTH START WITH $100000? WOULD THEY INVEST IN THEIR FRIEND'S BUSINESS?WOULD THEY BORROW OR LEND? HOW MUCH AND WHEN WOULD EACH CONSUME?
