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Which of he following best describes our use of HPR in our stock valuation? A . HPR is the fair return on the stock B
Which of he following best describes our use of HPR in our stock valuation?
A HPR is the fair return on the stock
B HPR is our best guess of the market's required return on the stock given its current price.
C HPR is the guaranteed return on the stock.
D HPR is the historical return on the stock
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