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What is the efficient markets hypothesis (EMH)? What impact does this theory have on decisions concerning the investment in securities? Is it applicable to real
What is the efficient markets hypothesis (EMH)? What impact does this theory have on decisions concerning the investment in securities? Is it applicable to real assets such as plant and equioment? What impact does the EMH have on corporate financing decisions? Should Mike Taylor be concerned about the EMH when he considers adding to his staff of security analysts? Explain.
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