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a. Define the term cost of capital. How would cost of capital be used in an investment decision? b. Compare screening decisions to preference decisions.
- a. Define the term "cost of capital". How would cost of capital be used in an investment decision?
- b. Compare screening decisions to preference decisions.
- c. What are some of the characteristics of a typical budget?
- d. Using no amounts, outline personal budget. How is a personal budget similar to a business budget? How do they differ?
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