Pages • 1
Financial Management Key players in financial market: 1)Investors:individuals save and invest to smooth consumption across time(save for retirement, borrow to buy a house) or smooth consumption across risk-outcomes(save for a “rainy day” insurance)// 2)Corporations: raise $ by selling securities(bond, stock), invest in pj(build a factory), and pay investors cash-flows (dividends, interest) A)Capital budgeting decision: what.