Question
Cyclical firms have high betas because: their earnings are particularly sensitive to the state of the economy. their earnings are more volatile than those of
Cyclical firms have high betas because:
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their earnings are particularly sensitive to the state of the economy.
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their earnings are more volatile than those of other firms in the economy.
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their stocks are overpriced.
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their asset-specific risks are high.
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Bank Valuation And Value Based Management Deposit And Loan Pricing Performance Evaluation And Risk
Authors: Jean Dermine
2nd Edition
0071839488,0071839496
