Market efficiency says:
A)prices may not reflect underlying value.
B)a good financial manager can time stock sales.
C)managers may profitably speculate in foreign currency.
D)managers cannot boost stock prices through creative accounting.
E)None of the above.

Question

Quizplus · Accepted Answer

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

Market Efficiency Says