Which of the Following Is a Significant Implication of Stock

Multiple Choice

Which of the following is a significant implication of stock market efficiency?

A) The market offers managers an informed and objective critique of their performance.
B) Timing of a new share issue is critical to its success.
C) A search for undervalued businesses will provide lucrative take-over targets.
D) Businesses must take seriously the setting of the level of risk and appropriate return on an investment.
E) Altering the type of security may make the initial offering more appealing to investors.