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123lol456 123lol456
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7 months ago
Which of the following is FALSE? Market efficiency implies

▸ the prices of securities are considered "right" at any time given their risk profile.

▸ new information is instantly reflected in share prices.

▸ investors can take advantage of temporary time lags in information dissemination.

▸ new information disseminates quickly.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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nguyenphuc1990nguyenphuc1990
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7 months ago
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