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According to the Capital Asset Pricing Model (CAPM) , underpriced securities have
Higher-Income Families
Refers to households that have an income level significantly above the median or average income for their area or country.
Local Governments
Governmental authorities that operate at a level below the state or national, managing local affairs such as city, town, or village administration.
Tax Revenue
The earnings collected by governments as a result of taxation.
State Governments
The administrative bodies governing individual states within a federal system, responsible for local laws and policies.
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