Harry Santana manages a Frosty Boy drive-in. His straight-time pay is $19 per hour, with time-and-a-hall fol include withheld income tax of 40%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Santana worked 52 hours during the week. Compute Santana's gross pay and net pay for the week. Assume earnings to date are $11,000. (Round all amounts to the nearest cent.) Begin by computing Santana's gross pay for the woek Gross Pay

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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.