Business, 08.04.2020 04:22 gugu1004

A person may be willing to pay more than the fundamental value of a stock today if he or she believes that someone else will pay even more for it in the near future. When many people purchase stocks based on this reasoning, the stock market can develop: a. Efficient markets b. Moral hazard c. A speculative bubble

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A person may be willing to pay more than the fundamental value of a stock today if he or she believe...