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____ are overseas operations that firms own.
Infrequently-Traded Assets
Assets that do not trade on a regular basis on the secondary market, making their valuation and liquidity different from frequently traded assets.
Liquidity Premiums
Additional returns investors demand for holding securities that are not easily convertible to cash without a loss in value.
Mispricing
The occurrence when the market price of an asset does not accurately reflect its intrinsic value, possibly due to information asymmetry, market inefficiency, or other factors.
Extraneous Risk
External risk beyond the control of investors or the company, not directly related to the investment's or company's specific activities.
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