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During a meeting with your client, you recommend they sell the ABC Equity Fund and invest the proceeds in the Seneca Balanced Fund. Your client

During a meeting with your client, you recommend they sell the ABC Equity Fund and invest the proceeds in the Seneca Balanced Fund. Your client says "I bought that fund at $15 per unit and now it is worth $9 per unit. I don't want to sell it until it is at least $15". Which bias does this indicate? Anchoring Trend Chasing Overconfidence Disposition Effect

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