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a) The objective of financial management is to maximise the value of the firm. Critically...

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Finance

a) The objective of financial management is to maximise the value of the firm.

Critically discuss how the achievement of this objective might be compromised by the conflicts which may arise between the various stakeholders in an organisation.

b) WEC Ltd is planning to save R2 million per year for five years. The first deposit, which is presently being made, and all subsequent deposits, will earn interest at a 12% annual rate

Calculate the FV of this investment if interest is compounded quarterly. Round your answer to decimal places

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