Current Attempt in Progress Labonte Limited had 39.600 common shares outstanding on January 1, 2020. On March 1, 2020, Labonte issued 21.600 shares in exchange for equipment. On July 1, Labonte repurchased and cancelled 9,600 shares. Calculate the weighted average number of shares outstanding for Labonte for the year ended December 31, 2020. (Round answer to O decimal places, eg. 5,125) Weighted average number of shares outstanding

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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.