10. Market Indexes. In 1990, the Dow Jones Industrial Average was at a level of about 2,600....
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10. Market Indexes. In 1990, the Dow Jones Industrial Average was at a level of about 2,600. In 2007, it was about 12,000. Would you expect the Dow in 2007 to be more or less likely to move up or down by more than 40 points in a day than in 1990? Does this mean the market was riskier in 2007 than it was in 1990? (LO2)
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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