23. If a given investor believes that a stocks expected return exceeds its required return,...
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23.
If a given investor believes that a stocks expected return exceeds its required return, then the investor most likely believes that a. the stock is a good buy. b. dividends are not likely to be declared. c. management is probably not trying to maximize the price per share. d. the stock is experiencing supernormal growth. e. the stock should be sold.
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