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Which one of the following is not an agent of evolutionary change?
Stock Pricing Models
are theoretical models used to estimate the fair value of a stock based on various factors including dividends, earnings, and growth rates.
Future Cash Flows
Projected cash earnings or expenditures expected to be realized by a business over upcoming periods, crucial for valuation and financial planning.
Prospectus
A formal legal document that provides details about an investment offering for sale to the public, typically containing information about the company's operations, financials, and management.
IPO Stock
Securities of a private company that are made available to the public for the first time through an initial public offering.
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