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Which of the following involves determining who your competitors are,anticipating competitors' moves,and assessing competitors' strengths and weaknesses?
Average Excess Returns
The average return on an investment above the benchmark or risk-free rate.
Rational Security Pricing
The concept that the market prices of securities reflect all available information and are valued accordingly in an efficient way.
Constant-growth Dividend-discount Model
A method for valuing a stock by assuming that dividends grow at a constant rate indefinitely, used to estimate the stock's price based on future dividend payments.
Multifactor CAPM
Generalization of the basic CAPM that accounts for extra-market hedging demands.
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