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Basic Question 0 of 6
Which statement is true?
II. Arbitrage activities contribute to market efficiency.
I. Trading limitations contribute to market efficiency.
II. Arbitrage activities contribute to market efficiency.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
explain the role of equity securities in the financing of a company's assets
contrast the market value and book value of equity securities
compare a company's cost of equity, its (accounting) return on equity, and investors' required rates of return
CFA® 2025 Level I Curriculum, Volume 3, Module 4.