Fundamentals of Corporate Finance, Student Value Edition
Fundamentals of Corporate Finance, Student Value Edition
3rd Edition
ISBN: 9780133576863
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
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Chapter 10, Problem 8CC
Summary Introduction

Excessive trading:

Excessive trading usually refers to the purchase and sale of transactions by an individual, occurring at a frequency and in such an amount that it significantly affects the ability of investments to meet the investment objective as judged by the investor.

To identify:

The reason why excessive trading would lead to lower realized returns.

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Fundamentals of Corporate Finance, Student Value Edition

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Efficient Market Hypothesis - EMH Explained Simply; Author: Learn to Invest - Investors Grow;https://www.youtube.com/watch?v=UTHvfI9awBk;License: Standard Youtube License