See below for some statements on how financial managers can create value for their firms. Choose all correct answer(s) If capital markets are sometimes in-efficient, financial managers will be able to create value through clever financing decisions. It could be cheaper for a European firm to issue a bond denominated in NZD in Japan than borrowing at home. But the exchange risk needs to be managed. It will always be more expensive for a firm to issue a bond denominated in a foreign currency or in an overseas capital market. If capital markets are efficient at all times, financial managers will be able to create value through clever financing decisions