If markets were entirely efficient (perfect), which of the following would we conclude?
A) No firms would ever default on their bonds.
B) Book value would be the same as market value.
C) Market value and intrinsic value would be the same.
D) There would be no inflation.
C
Business
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The foreign tax credit applies to U.S. taxpayers who earned income from a foreign country and who were subject to income taxes in that foreign country
a. true b. false
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A call feature is a feature that allows preferred stockholders to change each share into a stated number of shares of common stock
Indicate whether the statement is true or false
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