What is a financial intermediary? Why do you think these institutions have steadily been losing market share

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What is a financial intermediary? Why do you think these institutions have steadily been losing market share to capital markets as the principal source of external financing for corporations? List the five basic corporate finance functions. What is the general relationship among them?
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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