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2011 Level III CFA AM exam - Question 7

@vincentt @ravivooda This entire question looks like corporate finance in level II, in 2013. I don't think it's in Level III LOS for 2014. Could you please let me know your thoughts on this. Thanks!

Also, is aversion of ambiguity (Question 1 of the same paper) covered in 2014 CFAI notes?

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