Multiple Choice
The equal rate of price change from each subsequent up state and fixed rate price change from each subsequent down state are reasonable if:
A) there is a constant variability.
B) any new information impacting prices is similar period to period.
C) interest or discount rates are constant.
D) Both there is a constant variability and interest or discount rates are constant.
E) Both there is a constant variability and any new information impacting prices is similar period to period.
Correct Answer:

Verified
Correct Answer:
Verified
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