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    Foundations of Financial Management Study Set 4
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    Exam 20: External Growth Through Mergers
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    Risk-Averse Investors May Discount the Future Earnings of the Merged
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Risk-Averse Investors May Discount the Future Earnings of the Merged

Question 53

Question 53

True/False

Risk-averse investors may discount the future earnings of the merged firm at a higher rate if they move in different directions during business cycles.

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