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1. In many instances, investors are willing to pay prices above the “true price” of a bond or a stock calculated/estimated using the approaches and techniques discussed in Chapters 6. Explain what factors would motivate investors to ignore the fundamental principles of bond valuation and stock valuation?
1. In many instances, investors are willing to pay prices above the “true price” of a bond or a stock calculated/estimated using the approaches and techniques discussed in Chapters 6. Explain what factors would motivate investors to ignore the fundamental principles of bond valuation and stock valuation?
