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AcadiFi
Behavioral FinanceMedium

A private wealth client inherited $2M in Langley Pharmaceuticals stock from her father 5 years ago. Despite the stock declining 45% and the company facing regulatory challenges, she refuses to sell, saying 'Dad believed in this company and so do I.' The behavioral bias most likely affecting this client is:

CFA Level III — Behavioral Finance Practice Question | AcadiFi | AcadiFi