Question
Conservatism implies that investors are too __________ in updating their beliefs in response to new evidence and that they initially __________ to news. A. quick;
Conservatism implies that investors are too __________ in updating their beliefs in response to new evidence and that they initially __________ to news. A. quick; overreact B. quick; under react C. slow; overreact D. slow; under react E. None of these is correct.
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
