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pjw1979 pjw1979
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2 months ago
Which of the following is NOT an underlying assumption of the existence of an efficient market?

▸ Investors react quickly and fully to new information.

▸ A large number of rational, profit-maximizing investors exist.

▸ Information is costless and widely available to market participants.

▸ Information arrives at predetermined times.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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elisebarnettelisebarnett
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2 months ago
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pjw1979 Author
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2 months ago
Brilliant
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Thanks
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