If markets are not reasonably efficient, then,
A) the estimates of expected returns are not needed.
B) the need for a discount rate to analyse project cash flows is not needed.
C) estimates of expected returns that were based on security prices will not be reliable.
D) none of the above.

Question

Quizplus · Accepted Answer

The Answer of If markets are not reasonably efficient, then,
A) the estimates of expected returns are not needed.
B) the need for a discount rate to analyse project cash flows is not needed.
C) estimates of expected returns that were based on security prices will not be reliable.
D) none of the above.

If Markets Are Not Reasonably Efficient, Then