Question
True or false: Assets that have a tendency to give high returns when economic times are good and low returns when economic times are bad
True or false:
Assets that have a tendency to give high returns when economic times are good and low returns when economic times are bad should have discount rates that are higher, compared to assets with opposite characteristics.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
