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Define intermediation
The financial system makes it probable for surplus and deficit economic units to come together, exchanging funds for securities, to their mutual advantage. While funds flow from surplus economic units to a financial institution to a deficit economic unit, the procedure is termed as intermediation. The financial institution works as an intermediary among the two economic units.
Working capital cycle in a manufacturing business Average time raw materials are in stock (raw materials/purchases x 365 days) Plus Time
It is not easy to determine the theoretical value of non-treasury securities. However, we can use the treasury spot rate for the valuation of non-treasury security.
Types of equaty Securities Equity securities, traditionally, are classified into two types when they are issued. They are: Common Stock, and Preferred Stock. Common Stoc
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