In Markov analysis, the fundamental matrix
A) is necessary to find the equilibrium condition when there are absorbing states.
B) can be found but requires, in part, partitioning of the matrix of transition probabilities.
C) is equal to the inverse of the I minus B matrix.
D) is multiplied by the A matrix in order to find the probabilities that amounts in non-absorbing states will end up in absorbing states.
E) All of the above
E
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Suppose an investor's portfolio contains Stock X, and he analyzes the stock's prospects and concludes that its earnings, dividends, and price can be expected to grow at a constant growth rate of 5 percent per year. The last dividend was $2.8571. Assuming that the expected rate of return on the market is 12% and the risk-free rate is 8%, and the stock has a beta of 2. If the present price of the stock is $30, should the investor:
A. Purchase more of the stock, B. Sell the stock, C. Maintain the present position D. No Enough Information
A decision making mechanism which price helps buyers and sellers make decisions on what to produce, how to produce it and for whom is
A. Amazon B. Central Planning C. Monopoly D. Market Economy