1 Review all the
financial services you or your firm purchase. Try to establish a rough estimate
of the cost of using each financial intermediary and write a balanced report
considering whether you or your firm should continue to pay for that service.
2 What are the
theoretical justifications for the NPV decision rules?
3 Explain what is
meant by conventional and unconventional cash flows and what problems they
might cause in investment appraisal.
4 Define the time
value of money.
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