Which one of the following statements is not true?

a) competition among investors is an important driver of informational efficiency. b) if market prices reflect all relevant information about securities at a particular point in time, the market is informationally efficient. c) in an informationally efficient market, market prices adjust quickly to new information about a security as it becomes available. d) all of the above are true.

What are 3 ways through which you might obtain employment experiences

while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.

The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?