David and Rachael got married on August 29, 2021. What is their filing status on their 2021 tax return? I. Single 2. Head of Household 3. Married filling jointly 4. Qualifying widower Irene's husband passed away this year. After his death, Irene received $500,000 of proceeds from life insurance on her husband, and she inherited her husband's stock portfolio worth $700,000. What amount must Irene include in her gross income? 1. $1,200,000

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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.