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a) Briefly explain why wealth maximization is better than profit maximization as a goal of financial management (5 marks) b) Distinguish between a balance

a) Briefly explain why wealth maximization is better than profit maximization as a goal of financial management (5 marks) b) Distinguish between a balance sheet and an income statement. (5 marks) c) Explain the aggressive approach and hedging approach. (5 marks) d) Discuss the difference between annuity and perpetuity. (5 marks)

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