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Many investors tend to purchase the latest hot stock even when it has never paid a dividend. Oddly, if net income of the stock is
Many investors tend to purchase the latest "hot" stock even when it has never paid a dividend. Oddly, if net income of the stock is projected to fall over the next several years, the price of the stock continues to rise. What behavioral concept may explain this price pattern? a. Overconfidence. O b. Calendar bias. O c. Loss aversion. O d. Mental accounting. e. Forecasting error
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