In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In February

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In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In February 2013, it was about 14,000. Would you expect the Dow in 2013 to be more or less likely to move up or down by more than 40 points in a day than in 2009? Does this mean the market was riskier in 2013 than it was in 2009?
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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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