FINANCIAL MANAGEMENTQuestion 1Explain the Discounted Cash Flows (DCF) and Relative Valuation (RV)approaches to investment valuation. Include in your answer a discussion ofthe main advantages and...

FINANCIAL MANAGEMENTQuestion 1Explain the Discounted Cash Flows (DCF) and Relative Valuation (RV)approaches to investment valuation. Include in your answer a discussion ofthe main advantages and disadvantages of these two approaches, as well asa brief discussion of when each approach works the best.
[40 marks][800 words]
Question 2Critically discuss the main functions of financial markets and intermediaries inthe context of the current financial system. Please note that merely providinga list is not sufficient for a good answer. Instead, your answer should focus ondiscussing why you think these functions are important.
[40 marks][800 words]