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Q) Consider the following hypothetical statement from corporate managers Shareholders will punish the company when we have made bad capital budgeting decisions. Based on your

Q) Consider the following hypothetical statement from corporate managers Shareholders will punish the company when we have made bad capital budgeting decisions.

Based on your knowledge of market efficiency, as you will agree with the statement! Please justify your answer with theories and empirical evidence. The word count limit for answering this question is 800 words.

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