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Question
In a completely integrated capital market:a. There are no restrictions to prevent investors from investing in securities issued in any capital market throughout the world.
b. The required return on securities of comparable risk will be the same in all capital markets before adjusting for risk.
c. The required return on securities of comparable risk will be the same in all capital markets after adjusting for taxes and foreign exchange rates.
d. a and c only.
e. All of the above.
Answer
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