Business, 10.03.2020 19:35 ani61

The concept of market efficiency underpins almost all financial theory and decision models. when financial markets are efficient, the price of a security such as a share of a particular corporation's common stock-should be the present value estimate of the firms expected cash flows discounted by its appropriate rate of return (also called the intrinsic value of the stock).

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The concept of market efficiency underpins almost all financial theory and decision models. when fin...

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