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Principle 1: Cash Flow is What Matters Principle 2: Money has a Time Value Principle 3: Risk Requires a Reward Principle 4: Market Prices are
Principle 1: Cash Flow is What Matters
Principle 2: Money has a Time Value
Principle 3: Risk Requires a Reward
Principle 4: Market Prices are Generally Right
Principle 5: Conflicts of Interest Cause Agency Problems
Describe which chapter 1 Principle goes best with Figure 6-7.
Portfolio returns (%) 15 High-beta portfolio characteristic line 10 Low-beta portfolio characteristic line 5 B = 1.5 B = 0.5 = S&P 500 Index returns (%) 5 -15 -10 -5 . 10 15 -5+ -101 -15Step by Step Solution
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