1 See below for some statements on how financial managers can create value for their firms. Choose all correct answer(s) If capital markets are sometimes in-efficient, financial managers will be able to create value through clever financing decisions. It will always be more expensive for a firm to issue a bond denominated in a foreign currency or in an overseas capital market. If capital markets are efficient at all times, financial managers will be able to create value through clever financing decisions It could be cheaper for a European firm to issue a bond denominated in NZD in Japan than borrowing at home. But the exchange risk needs to be managed. Reset Maximum marks: 4