Market eﬃciency says:
A)prices may not reﬂect underlying value.
B)a good ﬁnancial manager can time equity sales.
C)managers should make proﬁt by speculating in foreign currency.
D)managers cannot boost share prices through creative accounting.
E)None of the above.

Question

Quizplus · Accepted Answer

Market efficiency suggests that all available information is already reflected in stock prices, so managers cannot sustainably boost share prices through creative accounting.

Market Eﬃciency Says