There is evidence to support the contention that company insiders
A) cannot earn abnormal profits because they are not permitted to trade shares in their company's stock without a one-month advance notice to the SEC.
B) can profit in a manner that counters the strong form of the efficient market hypothesis.
C) generally earn a profit equal to that of public investors.
D) have no distinct advantage when trading shares of their company's stock.
Answer: B
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On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000
Henry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 4,000 hours in 2017 and 5,400 hours in 2018. Calculate the book value of the machine at the end of 2018 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $29,388,244 B) $40,600,000 C) $29,375,272 D) $35,829,040
Heads of executive agencies are nominated by the _____ of the United States and
confirmed by the Senate of the United States. Fill in the blanks with correct word