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a. Please provide an understanding of the theory of capital market efficiency. b. Why is it a theory? c. What is the exact definition of

a. Please provide an understanding of the theory of capital market efficiency.

b. Why is it a theory?

c. What is the exact definition of an efficient capital market?

d. What is the difference between productive efficiency and efficient capital markets?

e. What is the difference between allocation efficiency and efficient capital markets?

f. What causes markets to be efficient?

g. What are the forms or levels of capital market efficiency?

h. Why does a CEO or a CFO care about capital market efficiency?

i. What are the implications for the investor?

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