Many financial securities are traded in private markets, and these markets are reasonably efficient.

True

False

Which one of the following statements isNOTtrue?

A.	Accepting a positive-NPV project increases shareholder wealth.
B.	Accepting a negative-NPV project has no impact on shareholder wealth.
C.	Accepting a negative-NPV project decreases shareholder wealth.
D.	Managers are indifferent about accepting or rejecting a zero NPV project.