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Consider the model in Barberis, Huang, and Santos (2001), Prospect Theory and Asset Prices. Consider two scenarios, A and B. in scenario A investors use

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Consider the model in Barberis, Huang, and Santos (2001), "Prospect Theory and Asset Prices." Consider two scenarios, A and B. in scenario A investors use individual-stock accounting while in scenario B they use portfolio accounting. Then ... Select one: a. The equity premium in scenario A is greater than that in scenario B. b. The equity premium in scenario A is sometimes greater than, sometimes smaller than, and sometimes equal to that in scenario B. O c. The equity premium in scenario Bis greater than that in scenario A. O d. The equity premium in scenario A is equal to that in scenario B

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