a. 'It is important to differentiate between the notion of wealth maximisation and profit maximisation'. Critically evaluate
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Question:
a. 'It is important to differentiate between the notion of wealth maximisation and profit maximisation'. Critically evaluate this statement within the context of financial management and discuss any practical implications of such differentiation.
b. Would an investment be worth more if it were an ordinary annuity or an annuity due? Explain and illustrate with an appropriate example.
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