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Both please 23 are not a firm-specific factor that affect stock prices a. Exchange rates b. Dividend policy changes c. Acquisitions and divestitures d. Earnings

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23 are not a firm-specific factor that affect stock prices a. Exchange rates b. Dividend policy changes c. Acquisitions and divestitures d. Earnings surprises e. All of the above are firm-specific factors that affect stock prices 24. You have computed the required return on Matterhorn Corporation stock using the CAPM to be 17%. The risk-free rate is 2% and Matterhorn's bete is 1.5 What must be the required return on the market portfolio? A 1796 B. 15% C12% D. 10% E None of the above

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