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Discuss at least three specific actions which practicing auditors can take to minimize their legal liability.
Required Return
The minimum rate of return on an investment that is necessary for it to be considered a viable option.
Share Price
The current market price of a company’s stock, reflecting what investors are willing to pay for a share at a given time.
Expected Return
The mean of all the likely returns of securities or portfolios over a set period.
Growth Rate
The rate at which a company's earnings, revenue, or other financial metrics increase on a year-on-year basis expressed as a percentage.
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