Lecture 13 - ‘ n W 3 ton mfi 8.8 2N2 oomfl:3qu 7 w W W...

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Unformatted text preview: . ‘ n W 3% ton mfi , 8.8 2N2 oomfl :3qu 7 w W W M W W m _ woo ‘ , 5., ............................................. L 1 . . . 1 _ so m 1 F.wmfiflfiri:mgo mE=_o> 7. . 9.5m COBEEXM 3n. 8.3,.“ moon ram i2: _ $20 E 9.5:; Key Aspects of the Financial System 1. Financial intermediaries are the most important source of external funds to firms. 2. The stock market is a less important source of external funds to firms than is the bond market. 3. Debt contracts ~— bonds and loans —— often require collateral or restrictive covenants. ...
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This note was uploaded on 05/01/2008 for the course ECO 129 taught by Professor O'brian during the Spring '08 term at Lehigh University .

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Lecture 13 - ‘ n W 3 ton mfi 8.8 2N2 oomfl:3qu 7 w W W...

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