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B . Suppose that it is observed that the long - term real rate of return on the stockmarket, net of tax, has been 6
B Suppose that it is observed that the longterm real rate of return on the stockmarket, net of tax, has been pa and an investor believes that the return willbe the same in the future. Suppose that the investor invests TZS in anOIC fund with a view to leaving the money invested for years, allowing netdividends to be reinvested.
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