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"Financial Prices Sometimes Deviate from Their Fair Prices Based on Expected

Question 19

Multiple Choice

"Financial prices sometimes deviate from their fair prices based on expected future cash flows, and even the existence of transaction costs will not prevent investors from earning returns over
And above what they should expect, given the risk of the investment." This statement would
Be attributed to an investor in which of the fundamentals-based classes?


A) firm believer
B) non believer
C) true believer
D) mild believer

Correct Answer:

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