If the efficient-market hypothesis is true, then it makes no difference what securities a company issues. All
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“If the efficient-market hypothesis is true, then it makes no difference what securities a company issues. All are fairly priced.” Does this follow?
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This is not necessarily true The company should consider its pa...View the full answer
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Related Book For 
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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