Business, 05.03.2020 10:37, pheonixhowls

For markets to be in equilibrium, that is, for there to be no strong pressure for prices to depart from their current levels, a. The past realized rate of return must be equal to the expected future rate of return; that is, . b. The required rate of return must equal the past realized rate of return; that is, r

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For markets to be in equilibrium, that is, for there to be no strong pressure for prices to depart f...