True or false The efficient-market hypothesis assumes that a. There are no taxes. b. There is perfect

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True or false
The efficient-market hypothesis assumes that
a. There are no taxes.
b. There is perfect foresight.
c. Successive price changes are independent.
d. Investors are irrational.
e. There are no transaction costs.
f. Forecasts are unbiased.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:58 AM

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True or false The efficient-market hypothesis assumes that a. There are no taxes. b. There is perfect

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Principles of Corporate Finance

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