Multiple Choice
(I) The market price of a security at a given time is the highest value any investor puts on the security.
(II) Superior information about a security increases its value by reducing its risk.
A) (I) is true, (II) is false.
B) (I) is false, (II) is true.
C) Both are true.
D) Both are false.
Correct Answer:

Verified
Correct Answer:
Verified
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