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As the required rate of return on an asset decreases 1. Asset prices increase because the cash flows increase. II. Asset prices increase because the

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As the required rate of return on an asset decreases 1. Asset prices increase because the cash flows increase. II. Asset prices increase because the present value of cash flows increases III. Asset prices decrease because there is a negative relationship between prices and returns. a. I only b. III only c. 11 only d. I and II e. II and

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