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1. What is capital budgeting? Discuss why capital budgeting decisions by managers are risky.

2. The impact that individual transaction can have on a credit portfolio and explain how a financial institution can contribute to portfolio credit exposure.

3. What are likely costs of the ACA to states? Will young people today really benefit from ACA, or are they going to be tax slaves to pay for it? What’s the best thing about the ACA? The worst thing?

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