10. Market efficiency implications (S12.3)* True or false? a. If markets are efficient, shareholders should expect to...
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10. Market efficiency implications (S12.3)* True or false?
a. If markets are efficient, shareholders should expect to receive only the risk-free interest rate on their investment.
b. If markets are efficient, investment in the stock market is a mug’s game.
c. If markets are efficient, investors should just invest in firms with good management and an above-average track record.
d. In an efficient market, investors should expect stocks to sell at a fair price.
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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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