Question 16 5.56 pts Questions 16, 17 and 18 are general questions dealing with market efficiency. If the shares of a company are trading at a historically high price and the market is weak-form efficient, then Management should not try to time a stock issue or a repurchase based upon a historically high stock price. O Management should take advantage by issuing more shares at this time. Management should take advantage by both issuing more shares at this time and repurchasing some shares at this time. Management should take advantage by issuing more shares at this time. - Previous Next Question 17 5.56 pts Questions 16, 17 and 18 are general questions dealing with market efficiency. If the problem of adverse selection exists then the market Cannot be semi-strong-form efficient. Cannot be weak-form efficient. O Cannot be strong-form efficient. Can still be weak-form efficient but cannot be semi-strong-form efficient. - Previous Next Not saved Submit Qu Question 18 5.56 pts Questions 16, 17 and 18 are general questions dealing with market efficiency. Market efficiency is Damaged more by high fixed costs of arbitrage than by high variable costs of arbitrage. Not effected by either fixed costs of arbitrage or by variable costs of arbitrage. Damaged equally by high variable costs of arbitrage and high fixed costs of arbitrage. Damaged more by high variable costs of arbitrage than by high fixed costs of arbitrage. - Previous