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Author Question: Which of the following is the best statement of the efficient markets hypothesis? (Read 39 times)

Kikoku

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on: Jul 9, 2019
Which of the following is the best statement of the efficient markets hypothesis?
◦ Investors with information that a stock had a positive net present value (NPV) will buy it, while investors with information that a stock had a negative net present value (NPV) will sell it.
◦ Investor's decisions are dependent on complete current information of a firm's cash flows and accurate predictions of future cash flows.
◦ A share's price is the aggregate of the information of many investors.
◦ Competition between investors works to make the net present value (NPV) of all trading opportunities zero.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by Kikoku on Jul 9, 2019

parshano

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kikoku

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Reply #2 on: Jul 9, 2019
TY


parshano

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Reply #3 on: Jul 9, 2019
You're welcome


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