1.What are the two primary instruments corporations issue to raise money? Explain the primary characteristics of each. 2.What is the goal of
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1.     What are the two primary instruments corporations issue to

raise money? Explain the primary characteristics of each.
2.     What is the goal of financial management? What three elements are essential to meeting the goal?
3.     One of the key assumptions in finance is that people are risk averse. What do we mean by risk aversion? Does this seem to be a valid assumption? Explain.
4.     Explain what is meant by social responsibility and ethics. Discuss how these issues relate to the primary goal of the firm.

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