Explain why the efficient markets hypothesis implies that a well-run company is not necessarily a good investment.

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Question Posted: Mar 26, 2015 06:30 AM

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Explain why the efficient markets hypothesis implies that a well-run company is not necessarily a good investment.

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An efficient market will recognize the talent of a firms managers and pr...View the full answer

Introduction to Corporate Finance What Companies Do

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