We all know that investors have widely diverse opinions about the future course of the economy and

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We all know that investors have widely diverse opinions about the future course of the economy and earnings forecasts for various industries and companies. How then is it possible for all these investors to arrive at an equilibrium price for any particular security?
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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