10. On March 1, 2020 ABC Company sold a machine to XYZ Company. XYZ made a cash down payment of $2,000 and signed a 90-day non-interest bearing note of $10,000 discounted at 6%. Determine the cost to be allocated to the truck. A. $ 12,600 B. $ 9,850 C. $ 12,150 D. $ 11,850 E. $ 10,150

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.