2 Even in an efficient market it is still valid to seek out a favourable rate of...

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2 ‘Even in an efficient market it is still valid to seek out a “favourable” rate of return from an equity investment.’

Consider the argument that, in an efficient market ‘one security is as good as any other’. (25 marks)

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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