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You are invested in GreenFrame, Inc. The CEO owns 4% of GreenFrame and is considering...

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You are invested in GreenFrame, Inc. The CEO owns 4% of GreenFrame and is considering an acquisition. If the acquisition destroys $56 million of GreenFrame's value, but the present value of the CEO's compensation increases by S6 million, will he be better or worse off? (Note: Ignore taxes.) (Select from the drop down menu.) The CEO will be better off because his wealth has changed by $million. (Round to two decimal places.)

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