Consideration must typically be given in a transaction


1. What is the effective annual rate (EAR) (in percent) if the stated rate, or APR, is 8.49 percent and there are 217 compounding periods per year?

2. Why can excess cash be an opportunity cost for a company?

3. Consideration must typically be given in a transaction. Why?

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Financial Management: Consideration must typically be given in a transaction
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