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Define and discuss indirect world systematic risk.
The indirect world systematic risk can be illustrated as the covariance among a nontradable asset and the world market portfolio which is induced by tradable assets. In the existence of internationally tradable assets, nontradable assets will be priced partly by the indirect world systematic risk and partially by the pure domestic systematic risk.
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Bridge Financing A type of short-term financing used to cover an organization short-term want; a loan that is expected to be repaid relatively fast.
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If dividends paid to common stockholders are not legal obligations of a corporation, is the cost of equity zero? Explain your answer. Even though common stockholders don't have
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