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    Corporate Finance Study Set 8
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    Exam 14: Efficient Capital Markets and Behavioral Challenges
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    Market Efficiency Says
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Market Efficiency Says

Question 17

Question 17

Multiple Choice

Market efficiency says:


A) prices may not reflect underlying value.
B) a good financial manager can time stock sales.
C) managers may profitablly speculate in foreign currency.
D) managers cannot boost stock prices through creative accounting.
E) None of the above.

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