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An unexpected return is a return which: a. occurs only if the markets are inefficient. b. results from a surprise announcement or event. c. falls
An unexpected return is a return which:
a. occurs only if the markets are inefficient.
b. results from a surprise announcement or event.
c. falls on the security market line when graphically represented.
d. is expected by the market prior to the event occurring.
e.always results in an investor earning less than anticipated.
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