FUND.OF CORP.FINANCE PKG. F/BU >C<
FUND.OF CORP.FINANCE PKG. F/BU >C<
16th Edition
ISBN: 9781323165997
Author: Berk
Publisher: PEARSON C
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Chapter 10, Problem 7CT
Summary Introduction

Market efficiency:

Market efficiency is the state of a market wherein all relevant information is easily available and accessible to all participants in the market at the same point of time. Moreover, prices of goods and services also respond immediately to the available information. A very good example of an efficient market is a stock market.

To identify:

The reason why market efficiency lead a manager to focus on NPV and free cash flow.

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Chapter 10 Solutions

FUND.OF CORP.FINANCE PKG. F/BU >C<

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