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RFP Philippines Practice Questions - Registered Financial Planner (RFP) Exam - Philippines Exam

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A client wants to sell a blue-chip stock that has recently fallen in price. When asked why, the client states, 'The stock was worth PHP 150 last year, so it must return to PHP 150 before it is a good deal, but since it is at PHP 100 now, it is a bad stock.' What bias is this?
Correct Answer:
Anchoring bias

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