Define the terms finance and financial management and, Financial Management

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Define the terms finance and financial management and

1. Define the terms finance and financial management and explain what are the major sub-areas of finance.

2. What are the direct costs and indirect costs of financial distress, from default that leads to bankruptcy?

3. Explain the terms in the CAPM equation. What is meant by market risk vs idiosyncratic risk for individual stocks?

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Financial Management: Define the terms finance and financial management and

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Financial Management: Define the terms finance and financial management and

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