Explain why, if a companys profits are growing at rates greater than the current interest rates and
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Explain why, if a company’s profits are growing at rates greater than the current interest rates and have been expected to continue doing so for several more years, a stock price can greatly exceed what might otherwise seem reasonable for the sum of the assets of that company?
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Interest rates rise and fall as the economy moves through periods of growth and stagnation The Feder...View the full answer
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