True or false? a. If markets are efficient, shareholders should expect to receive only the risk-free interest

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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.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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