The possibility of speculative bubbles in the stock market arises in part because

a. stock prices may not depend at all on psychological factors.
b. fundamental analysis may be the correct way to evaluate the value of stocks.
c. future streams of dividend payments are very hard to estimate.
d. the value of shares of stock depends not only on the future stream of dividend payments but also on the price at which the stock will be sold.

c

Economics

You might also like to view...

Joe has been unable to find a job because he lacks the necessary computer skills. Joe is

A) cyclically unemployed. B) skill-set unemployed. C) frictionally unemployed. D) structurally unemployed. E) educationally unemployed.

Economics

Market failure is the situation in which a market delivers an inefficient outcome

Indicate whether the statement is true or false

Economics