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In well-functioning markets, prices adjust A. until they are at a maximum. B. until there are no opportunities for arbitrage. C. according to the inefficient

In well-functioning markets, prices adjust

A.
until they are at a maximum.

B.
until there are no opportunities for arbitrage.

C.
according to the inefficient markets hypothesis

fixed income security can be valued like

A.
a portfolio of zero-coupon bonds.

B.
a portfolio of preferred stock.

C.
a bond and a share of preferred stock.

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