Financial Management Axioms ( Please explain each very short ) 1. Risk - return trade-off 2. Time
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Financial Management Axioms ( Please explain each very short )
1. Risk - return trade-off
2. Time value of money
3. Cash is king
4. Incremental cash flows count
5. It’s hard to find really profitable projects
6. Efficient capital markets
7. The agency problem
8. Taxes bias business decisions
9. All risk is not equal
10. Ethical dilemmas are everywhere in finance
( Please explain each very short )
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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