Loose Leaf for Corporate Finance Format: Loose-leaf
Loose Leaf for Corporate Finance Format: Loose-leaf
12th Edition
ISBN: 9781260139716
Author: Ross
Publisher: Mcgraw Hill Publishers
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Chapter 14, Problem 2CQ
Summary Introduction

To discuss: The three forms of market efficiency.

Introduction:

Market efficiency refers to the degree to which the securities and stock prices reflect, with the all available information. The conditions which make market efficiency are rationality, arbitrage, and independent deviations from rationality.

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