Why do think long-term financial begins with sales forecasts

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1. Has the distinction between direct and indirect forms of finance become more or less important in recent times? Why?

2. Why do think most long-term financial begins with sales forecasts? PUT differently, why are future sales the key input?

3. The replicating portfolio for a call option is created by ________ a fraction of a share of the underlying stock and ________ a risk-free loan

Buying / Lending

Buying / Borrowing

Selling / Lending

Selling / Borrowing

Reference no: EM131916356

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