Question
Mary and John believe that by calculating a company's ratios from their past financial statements, they can deduce whether the company's stock price is cheap
Mary and John believe that by calculating a company's ratios from their past financial statements, they can deduce whether the company's stock price is cheap or expensive. Do they believe the market is efficient? b) What do you know about the Capital Asset Pricing Model (CAPM) and what are its shortcomings?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
