1. Rank the following assets from the lowest level to the highest level of (i) transaction costs,...
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1. Rank the following assets from the lowest level to the highest level of (i) transaction costs, (ii) risk, (iii) liquidity. Ties are acceptable for items that have indistinguishable rankings.
a. a bank deposit with a guaranteed interest rate
b. a share of a highly diversified mutual fund, which can be quickly sold
c. a share of the family business, which can be sold only if you find a buyer and all other family members agree to the sale
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Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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