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The marginal investor in a company has a large stockholding and trades a lot.Traditional risk and return models in finance (like the CAPM) work best

The marginal investor in a company has a large stockholding and trades a lot.Traditional risk and return models in finance (like the CAPM) work best forcompanies where the marginal investor isi. The founder/owner of the companyii. A small individual investoriii. The employee pension fundiv. The Governmentv. An institutional investor

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