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alphalions alphalions
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A month ago
If security markets are efficient, then

▸ the net present value of all securities should be positive.

▸ the net present value of all securities should be negative.

▸ the net present value of all securities should be zero.

▸ there are no implications on the net present value of securities.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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Zigdog4400Zigdog4400
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A month ago
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alphalions Author
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A month ago
This helped my grade so much Perfect
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Thanks
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this is exactly what I needed
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