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Explain how to apply the concept of efficient securities market. What is prospect theory, beta and bubbles that are related to efficiency? Explain the difference

Explain how to apply the concept of efficient securities market. What is prospect theory, beta and bubbles that are related to efficiency?

Explain the difference between Information and Measurement approach to decision usefulness. Provide some examples

What is Ball and Brown? How would you apply this concept.

What is Clean Surplus Theory? Advantages and Disadvantages of it.

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