Louie Company has a defined benefit pension plan. On December 31 (the end of the facal year), the company received the PBO report from the actuary The following information was included in the report ending PBO, S15,000, benefits paid to retirees, $14.500, interest cost, $7500 The discount rate applied by the actuary was 10% What was the service cost for the year? Multple Choice

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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.