With strong-form market efficiency,
A) the price of a security in the market reflects all public information only.
B) it would not be possible to earn abnormally high returns by trading on private information.
C) investors who have access to inside or private information will be able to earn abnormal returns.
D) None of the above.
Answer: B) it would not be possible to earn abnormally high returns by trading on private information.
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Entering a foreign market by selling goods produced in the company's home country, often with little modification, is called ________.
A. importing B. exporting C. licensing D. management contracting
Mary purchases ten shares of stock in the Oceanview Retirement Corporation, entitling her to a proprietary lease on apartment 428 and use of the common elements. This is an example of:
A. Condominium ownership. B. Cooperative ownership. C. A fee simple estate. D. A land syndication.