What is a financial intermediary

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Question -

1. What is a financial intermediary? Why have these institutions been steadily losing market share to capital markets as the principal source of external financing for companies?

2. If a particular share had no systematic risk, only unsystematic risk what would be its expected return? Explain with reason.

3. Explain the concept of the efficient market hypothesis in share valuation.

Reference no: EM133008323

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