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Imagine that you have inherited $100,000, on the condition that you use the money to buy 1 stock and hold it for 5 years -
Imagine that you have inherited $100,000, on the condition that you use the money to buy 1 stock and hold it for 5 years - you can only sell after 5 years to get your money - i.e., analogous to putting 1 stock in the drawer and not looking for 5 years.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
