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Which of the following statements is incorrect? a. Firms need to invest in all profitable projects b. Firms need to invest in projects offering higher
Which of the following statements is incorrect?
a. | Firms need to invest in all profitable projects | |
b. | Firms need to invest in projects offering higher than market rate of return | |
c. | Firm's value depends on market rate of return | |
d. | Firm's marginal rate of return should be equal to the market rate of return to maximise firm's value | |
e. | None of the above |
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