Queentdawg60 Queentdawg60

03-06-2023
Business

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a) As a finance manager, discuss the reasons and importance to a firm of holding cash (liquidity preference). 9 marks b) A bank offers to lend you $1,000 if you sign a note to pay $ 1,610.50 at the end of 5 years. What rate of interest is the bank charging you using (i) Simple interest 4 marks (ii) Compound interest 4 marks

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