Question
Media publicity about an investment that generates noise rather than information can increase liquidity in that investment if investors cannot distinguish between noise and information
Media publicity about an investment that generates noise rather than information can increase liquidity in that investment if investors cannot distinguish between noise and information and what they read in the media increases their confidence
True or false
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
