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A number of recent studies have raised concerns about the validity of the CAPM. True False Semistrong-form efficiency implies that all public information (including past

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A number of recent studies have raised concerns about the validity of the CAPM. True False Semistrong-form efficiency implies that all public information (including past price movements) is rapidly incorporated into market prices. True False It is possible to use a discounted cash flow model to value a firm if it does not pay dividends. Instead of using dividends, you use expected free cash flow discounted based on the company's weighted average cost of capital. True False

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