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QUESTION 60 What are the most likely implications of having short sale constraints? The market will become more efficient. Stocks will tend to be overpriced

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QUESTION 60 What are the most likely implications of having short sale constraints? The market will become more efficient. Stocks will tend to be overpriced on the day of their IPO. Bad news will be more quickly reflected in stock values without an overreaction. Stocks will be underpriced

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