Above-Average Returns Are

question 74

Multiple Choice

Above-average returns are

• A) higher profits than the firm earned last year.
• B) higher profits than the industry averaged over the last 10 years.
• C) profits in excess of what an investor expects to earn from a historical pattern of performance of the firm.
• D) returns in excess of what an investor expects to earn from other investments with a similar level of risk.

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