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22. Guiness Ghana Breweries announced to build a new plant on October 5. This was made public on 1 November and financial statement was published
22. Guiness Ghana Breweries announced to build a new plant on October 5. This was made public on 1 November and financial statement was published on December 31. The share price which was GHC 2.50 on October 1 changed on December 31. This shows that the market is O (a) strong form efficient O (b) semi-strong form efficient O (c) weak form efficient O (d) inefficient 01:59 7. The theory that explains that firm should borrow up to the point where the additional tax benefit from an extra cedi of debt equals the additional costs associated with financial distress from that additional debt? O (a) M&M proposition I with taxation O (b) Pecking orde! (c) Static trade-off theory O (d) Benefit-cost theory
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