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9. Each of the following statements is dangerous or misleading. Explain why. a. A long-term government bond is always absolutely safe. b. All investors should
9. Each of the following statements is dangerous or misleading. Explain why. a. A long-term government bond is always absolutely safe. b. All investors should prefer stocks to bonds because stocks offer higher long-run rates of return. c. The best practical forecast of future rates of return on the stock market is a 5 to 10-year average of historical returns
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