If securities markets are efficient, what is the NPV of any security, regardless of risk?

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Financial Theory and Corporate Policy

ISBN: 978-0321127211

4th edition

Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri

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Question Posted: Apr 26, 2016 08:28 AM

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If securities markets are efficient, what is the NPV of any security, regardless of risk?

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Financial Theory and Corporate Policy

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