33. Real versus Financial Investments. Why do investments in financial markets almost always have zero NPVs, whereas

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33. Real versus Financial Investments. Why do investments in financial markets almost always have zero NPVs, whereas firms can find many investments in their product markets with posi- tive NPVs? (LOS)

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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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