4. We all know that investors have widely diverse opinions about the future course of the economy...

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4. We all know that investors have widely diverse opinions about the future course of the economy and earnings forecasts for various industries and companies.

How then is it possible for all these investors to arrive at an equilibrium price for any particular security?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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