Author Question: Efficient-market hypothesis is the theory describing the behavior of an assumed perfect market in ... (Read 90 times)

jlmhmf · **on:** Jul 10, 2018

Efficient-market hypothesis is the theory describing the behavior of an assumed perfect market in which securities are typically in equilibrium, security prices fully reflect all public information available and react swiftly to new informatio

and, because stocks are fairly priced, investors need not waste time looking for mispriced securities.
Indicate whether the statement is true or false

Question 2

Cash budgets and pro forma statements are useful not only for internal financial planning but also are routinely required by the Internal Revenue Service (IRS).

Indicate whether the statement is true or false