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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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