On February 3, the billing date, Carol Ann Bluesky had a balance due of $128.66 on her credit card. Her Feb. 6 bank charges an interest rate of 1.25% per month and uses the average daily balance method. She made Feb. 13 Feb. 23 Feb. 26 Charge: Art supplies Payment Charge: Flowers delivered |Charge: Music CD $24.12 $110.00 $71.26 $11.41 the transactions described in the table during the month. a) Find Carol Ann's average daily balance for the billing period from February 3 to March 3. Assume it is not a leap year. b) Find the finance charge to be paid on March 3. c) Find the balance due on March 3. d) Compare the result obtained to those obtained using the previous balance method. a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.)

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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.