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According to the efficient market theory, whenever investors find that the required return of a stock is less than its expected return, they'll buy the
According to the efficient market theory, whenever investors find that the required return of a stock is less than its expected return, they'll buy the stock. This will
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not affect the price.
cause the market to crash.
drive down the price.
drive up the price.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
