How is it possible that profit maximization might not lead to stock price maximization ?

How would you feel about owning stock in a company whose market value was less than its book value ?

We are not here to answer your homework questions for you. You need to make an attempt to do your own work first, post what you have come up with, and then someone can help you.

Besides, how can someone else tell you how you feel about something?

Oh, and this isn't "basic accounting." In fact, it's almost more finance than accounting.