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a) Define financial management. Also, describe various functions of financial management. b) Compare profit maximization and shareholder's wealth maximization objective. The following information has been
a) Define financial management. Also, describe various functions of financial management. b) Compare profit maximization and shareholder's wealth maximization objective. The following information has been extracted from the balance sheet of Surva Ltd.: Determine the weighted average cost of capital (WACC) of the company. It had been paying dividends at a consistent rate of 25% per annum. Equity shares, preference shares and debentures are being traded at par. Tax rate is 35%. (a) Describe the process of financial planning. (b) Determine the degree of operating, financial and combined leverage of a company from the following data: V dI IdNIE xperIsts dIE 70 JdIts
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