... assets such as inventory, machinery, land and labor. The amount of cash invested in assets must be matched by an equal amount of cash raised by financing which is called corporate finance. 'Corporate finance might seem an intricate and complicated subject involving an infinite variety of complexities. Or to others it might bring to mind a glamorous picture of making fabulous fortunes in stocks and bonds on the New York Stock Exchange (Donaldson and Pfahl, 1969)'. These activities are associated with finance and with the financing of corporations. Before the firms can collect corporate finance a detail financial planning must be done using professionals if it is a huge firm. The first step of the financial planning would be how to obtain corporate finance. 'The young adults' first exposure to the financial system may have arisen either from borrowing or saving. For many, the introduction to the realm of finance came via ...

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