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"Ans.3) As Financial modeling is a case of making desirable interpretation of the financial position of a company, hence it is an important instrument that facilitates business thoughts and risks to be calculated cost-effectively.u003cbr /u003eTherefore, Financial models are used to calculate approximately the evaluation of a business or to compare businesses to their peers in the industry. They are also utilized in strategic planning to test various settings, determine the cost of new projects, make a decision on budgets, and distribute corporate resources.u003cbr /u003eFinancial models are mostly used by a financial analyst to realize the company's performance and to forecast its future. Being competent enough to develop a financial model is a necessity for jobs in investment banking, credit rating, risk management, and so on.u003cbr /u003eAs Financial Modeling is the main instrument for fundamental analysis and valuations, hence an u003cstrongu003eInvestment bankeru003c/strongu003e uses it to come to a valuation in Mu0026amp;A or fundraising transactions.u003cbr /u003eu00a0u003cstrongu003eEquity Analystsu003c/strongu003e also utilize it to value stocks and arrive at buy/sell/hold recommendations."
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