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Investors are often willing to pay positive prices for shares of firms that have never earned a profit because the investors: O do not
Investors are often willing to pay positive prices for shares of firms that have never earned a profit because the investors: O do not know the firms have never earned a profit. O expect the firms to have negative profits in the future. O expect that interest rates will rise in the future. O expect the firms to have positive profits in the future.
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