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Question 8 (3 points) After a stock market run-up, individuals may view investments as largely funded out of a capital gains account, become tolerant of

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Question 8 (3 points) After a stock market run-up, individuals may view investments as largely funded out of a "capital gains account", become tolerant of risk, discount future cash flows at a rate, and thus further push up prices. less, higher less, lower U more, higher U more, lower

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