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In A Random Walk Down Wall Street the author give four rules for pricing assets using the firm- foundations theory. Which of the following is

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In "A Random Walk Down Wall Street" the author give four rules for pricing assets using the firm- foundations theory. Which of the following is not one of the rules? O. A rational investor should pay a higher price for a share, other things equal, the larger the proportion of a company's earnings paid out in cash dividends or used to buy back stocks. Arational investor should be willing to pay a higher price for a share the larger the growth rate of dividends and earnings. O Arational investor should be willing to pay a higher price for a share if the price has been going up a lot in the recent past. O A rational (and risk-averse) investor should pay a higher price for a share, other things equal, the less risky the company's stock

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