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Chp 12 Finance Quiz - Question 1 1 Which one of the...

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Question 1 1. Which one of the following statements is correct concerning market efficiency? Answer Real asset markets are more efficient than financial markets. If a market is efficient, arbitrage opportunities should be common. In an efficient market, some market participants will have an advantage over others. A firm will generally receive a fair price when it issues new shares of stock. New information will gradually be reflected in a stock's price to avoid any sudden change in the price of the stock. 0.1 points Question 2 1. A stock had annual returns of 3.6 percent, -8.7 percent, 5.6 percent, and 11.1 percent over the past four years. Which one of the following best describes the probability that this stock will produce a return of 20 percent or more in a single year? Answer less than 0.1 percent less than 0.5 percent but greater than 0.1 percent less than 1.0 percent but greater the 0.5 percent less than 2.5 percent but greater than 1.0 percent less than 5 percent but greater than 2.5 percent 0.1 points Question 3 1.
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