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Which of the following statements is most correct? a. The expected future rate of return, r, is always above the past realized rate of return.
Which of the following statements is most correct? a. The expected future rate of return, r, is always above the past realized rate of return. r, except for highly risk-averse investors. b. The expected future rate of return, r, is always below the past realized rate of return, r. except for highly risk-averse investors. c. The expected future rate of return, r, is always below the required rate of return, r, except for highly risk-averse investors. d. There is no logical reason to think that any relationship exists between the expected future rate of return, r, on a security and the security's required rate of return, r. e. Each of the above statements is false
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