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Liam, the Manager of the Snoring Gryphon, Your Local Irish

Question 44

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Liam, the manager of The Snoring Gryphon, your local Irish pub, is very confused.He has observed that the stock of Gryphon earns higher returns in January than in March.He expected the stock to do better around St.Patrick's Day when the pub's sales are the highest.Explain these two observations to Liam.

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The St.Patrick's Day non-effect (this te...

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