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Why is it stated that the basic function of the financial director of a firm is to maximize corporate value? Explain in detail. Describe the

  1. Why is it stated that the basic function of the financial director of a firm is to maximize corporate value? Explain in detail.
  2. Describe the statement of cash flows and why it is important to financial decision making.
  3. What role do ethics and morals play in the function of corporate finance?

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