What is a perfect market - what were the assumptions made


1.What is a perfect market? What were the assumptions made in this chapter that were not part of the perfect market scenario?

2. What is the difference between a bond and a loan?

3. In the text, I assumed you received the dividend at the end of the period. In the real world, if you received the dividend at the beginning of the period instead of the end of the period, could this change your effective rate of return? Why?

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