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In 1 9 9 7 , CSX successfully purchased a significant share of Conrail. Immediately after the first offer was announced and the acquisition eventually
In CSX successfully purchased a significant share of Conrail. Immediately after the first offer was announced and the acquisition eventually consummated, the price of CSX fell
below preacquisition levels and took many years to recover. This may be an example of
Multiple Choice
loss aversion
overreaction
mental accounting
overconfidence
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