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Problem 3: Efficient markets tend to exist when there are enough rational arbitrage traders even if there are numerous irrational traders. True False Problem 5:
Problem 3: Efficient markets tend to exist when there are enough rational arbitrage traders even if there are numerous irrational traders.
True
False
Problem 5: A stock sells for $155.00 per share and has a required rate of return of 10%. Dividends are paid
annually and is expected to increase at a constant 5% per year. What is the amount of the last
dividend paid?
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