In an efficient securities market,the market value of a security is equal to

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In an efficient securities market, the market value of a security is equal to its intrinsic value, which is the present value of its expected future cash flows. The market takes into consideration all available information to arrive at a fair price for the security. Liquidation value, book value, and par value may not accurately reflect the true value of the security in the market.

In an Efficient Securities Market,the Market Value of a Security