Principles_of_Corporate_Finance_英文第十版习题解答Chap001要点.docVIP

CHAPTER 1 Goals and Governance of the Firm Answers to Problem Sets 1. a. real b. executive airplanes c. brand names d. financial e. bonds f. investment g. capital budgeting h. financing 2. c, d, e, and g are real assets. Others are financial. 3. a. Financial assets, such as stocks or bank loans, are claims held by investors. Corporations sell financial assets to raise the cash to invest in real assets such as plant and equipment. Some real assets are intangible. Capital budgeting means investment in real assets. Fina