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explain, Information asymmetries stem from insider trading and private beliefs, impacting security prices and market dynamics. Principal-agent relationships in capital markets involve households delegating investment

explain, Information asymmetries stem from insider trading and private beliefs, impacting security prices and market dynamics. Principal-agent relationships in capital markets involve households delegating investment decisions to intermediaries, introducing frictions as agents may not always act in the principals' best interests, prioritizing short-term gains (

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