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    Principles of Managerial Finance
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    Exam 2: The Financial Market Environment
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    An Efficient Market Is a Market That Establishes Correct Prices
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An Efficient Market Is a Market That Establishes Correct Prices

Question 19

Question 19

True/False

An efficient market is a market that establishes correct prices for the securities that firms sell and allocates funds to their most productive use as a result of the intense competition among investors.

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