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13.As the required rate of return on an asset decreases o oI. aIIAsset prices increase because the present value of cash flows increases Asset prices

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13.As the required rate of return on an asset decreases o oI. aIIAsset prices increase because the present value of cash flows increases Asset prices increase because the cash flows increase III.Asset prices increase because there is a negative relationship between prices and returns I only II only III only DC a d. I and II e. II and

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