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Question 280 Let us assume that the long-term annual market return is expected to be the long term annual expected growth is while the pessimistic
Question 280 Let us assume that the long-term annual market return is expected to be the long term annual expected growth is while the pessimistic investors believe that the long-termann growth rate is only the stock market will be HINT: We used the constant growth formula for a similar ustion in the investor sentiment topic in the chapter on efficient market A Overvalued by Overed 204 Underved by CD Underway
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