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Financial assets are a specific form of ownership that involves generating income. Financial assets are used to move financial resources in the company. The price of a financial asset is set at the level of the ratio of supply and demand in the market. A comprehensive assessment of a financial asset is defined as determining its main characteristics. In this case, first of all, the market value of the asset and the real rate of return that it provides to the investor, or the necessary rate of return that the financial asset should provide to the investor in accordance with its level of risk and liquidity, are subject to assessment. Financial assets are valued on both the primary and secondary markets. The expected cash flows of a financial asset may be more or less certain, both in terms of the amount and timing of its receipt. Therefore, the estimation of expected returns on an asset consists of calculating certain or uncertain cash flows.  |