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If interest rates increase due to inflation, but expected cash flows to a firm do not change, then you would expect stock prices to a.
If interest rates increase due to inflation, but expected cash flows to a firm do not change, then you would expect stock prices to
a. | rise and then decline. | |
b. | decline and then rise. | |
c. | decline. | |
d. | remain unchanged. | |
e. | rise. |
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