You own shares of Westpac Banking Corp (WBC) which you purchased for $28 a share. You put a limit sell order at $32. Since placing the limit sell, the price rose to $35, and then jumped down to $20. Ignoring transactions costs and taxes, what is your holding period return? Time line: t+2 P528 P535 P-s20 You place imit sell for $32 Remember Your answer must be in decimal form, not percent. If the answer is B.3333K, then answer 0.0833. Round to 4

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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.