(Risk-neutral investor) On Planet Apathy, all investors are indifferent to risk. The annual expected returns of government...

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(Risk-neutral investor) On Planet “Apathy,” all investors are indifferent to risk. The annual expected returns of government bonds are 5%. Does that mean that the average stock returns should be 5%?

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Principles Of Finance Wtih Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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