Engels On December 31, 2020, American Elm Inc., borrowed €746 000 on a 3%, 20-year mortgage note payable. The note is to be repaid in equal semiannual instalments of €15 890 (payable on June 30 and December 31). Requirement: What are the correct summarizing journal entries to record: (1) the issuance of the mortgage note payable (2) the payment of the second instalment on December 31, 2021 For the purpose of the question please assume that the debit entry of Mortgage note payable on June 30 is €4 700.

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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.