If prices are as likely to increase as decrease, why do investors earn positive returns from the

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If prices are as likely to increase as decrease, why do investors earn positive returns from the market on average?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 07:52 AM

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If prices are as likely to increase as decrease, why do investors earn positive returns from the

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Over the long haul there is an expected upward drift in stock prices based on th...View the full answer

Investments

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