The belief that market prices reflect all public information best describes which theory:

Question 5 options:

	Weak form efficiency
	Semi-Strong form efficiency
	Strong form efficiency
	Behavioral finance

Consistent with investing theory, historically, small stocks have had a higher standard deviation than large stocks as well a higher:

Question 4 options:

	book to market ratio
	dividend rate
	sensitivity to inflation
	average return

If a firm owns land and wants to build a factory on that land, the value of that land:

Question 8 options:

	will be included in an NPV calculation because it is an opportunity cost
	will be excluded from an NPV calculation because it is an opportunity cost
	will be included in an NPV calculation because it is a sunk cost
	will be excluded from an NPV calculation because it is a sunk cost