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Illustrating your answer diagrammatically , use the Fisher Separation Theorem to explain why all shareholders will agree on the optimal level of productive investment when
Illustrating your answer diagrammatically, use the Fisher Separation Theorem to explain why all shareholders will agree on the optimal level of productive investment when capital markets are perfect and the outcomes of investment are known with certainty. To what extent do the assumptions of the Fisher Separation Theorem limit its usefulness?
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