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FIN3483 - Chapter 1 - The Role and Scope of Investment
FIN3483 - Chapter 1 - The Role and Scope of Investment
FIN3483 - Chapter 1 - The Role and Scope of Investment
SECURITIES
INVESTMENT AND
PORTFOLIO
MANAGEMENT
CHAPTER 1
THE ROLE AND SCOPE
OF INVESTMENTS
Advantages
High liquidity
Low risks of default
Disadvantages
Low levels of return
Loss of potential purchasing power
from inflation