What is the primary role of the financial manager what is


1. Calculate the 8-year annualized equivalent of a $10,000 payment to be received today if the rate of interest is 10% per year.

2. Compare and contrast the characteristics of equity and debt. What are the advantages and disadvantages of each from the company’s perspective?

3. What is the primary role of the financial manager? What is the agency problem? Give an example of the agency problem.

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