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Financial Market:
Being entrusted with different functions having macro level implications on the nation's economy, the financial system tries to fulfill its role through the financial markets. The financial markets channelize the savings of the households and other surplus budget units to those individuals and institutions that need funds. While performing this role, the financial markets aid in increasing production and income for the various units. The importance of these markets to the financial system can be understood from the quantum of funds that are made available to the borrowers.
We can discount cash flows either by using spot rates or forward rates, because a spot rate is simply a package of short-term forward rates. Assume that the cash
What are the misconceptions about Financial Management?
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#pseudocode for finance class ..
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