 | The Global Capital Market
After you have read this chapter you should:
- Articulate the benefits of the global capital market.
- Understand why the global capital market has grown so rapidly over the last quarter century.
- Be familiar with the risks association with the globalization of capital markets.
- Appreciate the benefits and risks associated with the eurocurrency market, the global bond market, and global equity markets.
- Understand how foreign exchange risk impacts upon the cost of capital.
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