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9) Under which of the following forms of market efficieney would stock prices always 2)...

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9) Under which of the following forms of market efficieney would stock prices always 2) reflect fair value? A) Strong-form efficiency C) Semi-strong-form efficiency B) Semi-weak-form efficiency D) Weak-form efficiency 30) Which of the following is inconsistent with a firm that sells for very near book value? 30) A) High future earning power C) Low current earnings B) Few, if any, intangible assets D) Low, unstable dividend payment 31) If no price change occurs in a stock on the day that it announces its next dividend, it can 31) be assumed that: A) the stock market is inefficient. B) the market was expecting this information. C) the dividend was reduced. D) technical analysts are not following this stock

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