In a few sentences, answer the following question as completely as you can. Define the three forms of market efficiency. Why should a financial decision maker, such as a corporate treasurer or CFO, be concerned with market efficiency?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter2: Developing The Business Idea
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In a few sentences, answer the following question as completely as you can.

  1. Define the three forms of market efficiency. Why should a financial decision maker, such as a corporate treasurer or CFO, be concerned with market efficiency? 
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