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1. A basic financial principle states that, all else equal, the sooner cash is received, the better. In what situations or economies would it be

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1. A basic financial principle states that, all else equal, the sooner cash is received, the better. In what situations or economies would it be better not to follow this principle? Why? 2. Discuss bond ratings and the information they provide to investors. What factors have caused bond ratings to be erroneous in the past

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