Reconsider the stock in the preceding problem. Suppose investors actually believe the stock will sell for $52
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If investors believe the yearend stock price will be 52 then the ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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