Question: If markets are efficient then: Multiple Choice Managers can wait until the moment is right to issue securities at higher prices Managers cannot consistently time

If markets are efficient then:

Multiple Choice

  • Managers can wait until the moment is right to issue securities at higher prices

  • Managers cannot consistently time the market to issue new securities at higher prices

  • Stock issuances cannot be made when the firms require capital

  • Investors should look for persistent serial correlation in stock prices

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