Financial Management - Chapter 12
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Basic Skills: (Time value of money, Financial Statements)Investments: (Stocks, Bonds, Risk and Return)Corporate Finance: (The Investment Decision - Capital Budgeting)For Investors, the rate of return on a security is a benefit of investing.For Financial Managers, that same rate of return is a cost of raising funds that are needed to operate the firm.In other words, the cost of raising funds is the firm’s cost of capital.
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Financial Management - Chapter 12
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Financial Management - Chapter 12
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