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Explain about the monetary role of banks. The Monetary Role of Banks: • A bank is a financial intermediary. • Bank reserves are the currency banks hold within their va
Bob and Jackie came to your bank seeking an FHA mortgage. They want to know how large a mortgage they would be qualified for and what the terms would be. Bob is a pastry chef (
Book Value and Market to book value per share Book value per share (BVPS) = Net worth Equity/No. of ordinary shares It is called also liquidity ratio that show
What financial report exactly do? Financial reports tell its intended readers about all the financial information of the company for the period it is reporting. It also contain
what are control
expression of underlying asset''s price at maturity T for lookback option.
1. A stock pays no dividend and is expected to be sold for $50 after 4 years. If the investor's RRR is 12%, at what price is he/she willing to buy it? 2. ABC company has its ROE
On 1 January 2008, a young artist called Michelangelo signed a contract with a charity named Art Angels, which supports young artists to do large projects. The agreement requires M
what are the modern methods of evaluating capital projects? how they different from old methods?
Volpe Corporation produces class rings to sell to college and high school students. These rings sell for $75 each, and cost $30 each to produce. Volpe Corporation has fixed costs o
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