= (d) Market watchers have observed that shares that have shot up in the recent past will
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(d) Market watchers have observed that shares that have shot up in the recent past will go up again in the future.
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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