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Question 5 (1 point) In the context of the BSV model, explain intuitively (nontechnically) why two consecutive earnings changes in the same direction make investors
Question 5 (1 point) In the context of the BSV model, explain intuitively (nontechnically) why two consecutive earnings changes in the same direction make investors less likely to think that they are in regime 1 (mean-reversion) vs the case of two earnings changes in alternate directions
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