Common stock can be purchased through:

A. Initial public offering

B. Primary market

C. Secondary market

D. All of the above

Which of the following statements is not a true statement about equity or fund financing.

a. Not for profit businesses do not have access to equity markets

b. Investor owned and for profit businesses have access to equity markets

c. Fund and equity capital grow through retained earnings

d. None of the above

Efficient Market Hypothesis assumes that stocks are always in equilibrium and it is impossible for an investor to consistently beat the market based on the theory of informational efficiency.

a. True

b. False