Financial intermediaries exist because small investors
Financial intermediaries exist because small investors cannot efficiently ________.
a. diversify their portfolios
b. gather all relevant information
c. assess credit risk of borrowers
d. all of the above
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empirical research suggests that the yield curve is a good predictor of future interest ratesa in the very short termb
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the expected rate of return on a bond if bought at its current market price and held to maturitya yield to maturityb
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which of the following explains why most external finance is channeled through intermediariesa transaction costsb
sunburn sunscreen has a zero coupon bond issue outstanding with a 12000 face value that matures in one year the current
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