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Asset pricing can be described as which type of process? Process of determining the spread required between a bid and asked price Process of determining

Asset pricing can be described as which type of process? 


Process of determining the spread required between a bid and asked price



Process of determining the price required for an asset to be immediately liquidated 



Process of directly specifying an equation that relates a stock's required return to an appropriate risk premium 



Process of analyzing market forces to determine a stock's current value

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