b. Stock returns depend on factors outside the managers controlfor example, changes in interest rates or prices

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b. Stock returns depend on factors outside the managers’ control—for example, changes in interest rates or prices of raw materials. Could this be a serious problem? If so, can you suggest a partial solution?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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