1-what firm’s intrinsic value ?its current stock price ?is the stock true long term run value more closely related to its intrinsic value or its current price ? 2- should stockholder wealth maximizations be thought of as lone term or short term goal ? for example if one actions increases firm stock price from current level of 20$ to 25 $ in 6 month and then 30$ in 5 years but another action keeps the stock at 20$ for several year but then increases it to 40 $ in 5 years which actions would be better ? think of some specific corporate actions that have general tendencies ?