CORPORATE FINANCE - CONNECT ACCESS
CORPORATE FINANCE - CONNECT ACCESS
12th Edition
ISBN: 9781264054893
Author: Ross
Publisher: MCG
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Chapter 14, Problem 14CQ

Efficient Markets A hundred years ago or so, companies did not compile annual reports. Even if you owned stock in a particular company, you were unlikely to be allowed to sec the balance sheet and income statement for the company. Assuming the market is semistrong form efficient what does this say about market efficiency then compared to now?

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