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[Solution Library] It is said that financial policy (by itself) does not add value. However, it is also argued that financial policy can potentially add

Question: It is said that financial policy (by itself) does not add value. However, it is also argued that financial policy can potentially add value in the presence of "real-world frictions." Discuss the concept of financial policy "irrelevance". Then explain how financial policy can create/preserve value. Be specific in listing and discussing the types of frictions that are relevant for financial-policy making.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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