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Imagine you are the Chief Investment Officer of a large tax-exempt organization that invests directly in the U.S. stock market. List three types of friction

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Imagine you are the Chief Investment Officer of a large tax-exempt organization that invests directly in the U.S. stock market. List three types of friction cost you would monitor in connection with your organizations trading activity. Which of these friction costs are probably of most concern to you? Explain your

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