If the capital markets are efficient, then the sale or purchase of any security at the market price is:
A)a negative NPV transaction.
B)a positive NPV transaction.
C)sometimes a zero NPV transaction.
D)None of the above.

Question

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The Answer of If the capital markets are efficient, then the sale or purchase of any security at the market price is:
A)a negative NPV transaction.
B)a positive NPV transaction.
C)sometimes a zero NPV transaction.
D)None of the above.

If the Capital Markets Are Efficient, Then the Sale or Purchase