A fundamental dilemma common to individuals, firms, and nations is how to make the best use of their resources. This book is concerned with one of those resources: the financial capital raised to operate and expand a business. The earnings that individuals can expect to receive by making portfolios of investments depend on the returns those nations and firms pay for their savings, which overall are a function of the risk the investors acquire. To carry out new business, companies require assets such as equipment and offices, or patents and trademarks. These assets need to be paid for, and for this purpose capital has to be raised. Whether the capital is gathered from sources internal to the firm or from others external to the business, the firm’s assets need to produce sufficient returns to meet the cost of these claims. This is the cost of capital. [download]
Format : Ebook.Pdf
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