Explain the difference between a hard asset market and a


a. Explain the difference between a hard asset market and a soft asset market.

b. Explain the basic premise of secular analysis and its importance to the investor.

c. Explain the basic principle behind cyclical analysis and its importance to the investor.

d. Lauren inherited $10,000 and immediately invested the money in the stock market. Unfortunately, she lost 30% of her investment. Explain why she will have to have a return greater than 30% to get back to her initial capital level of $10,000.

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Financial Management: Explain the difference between a hard asset market and a
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