Answer:
The correct answer is option D.
Explanation:
The efficient market hypothesis is considered a cornerstone of modern financial theory. It states that share prices all the information, including public, private, future information, and predictions.
It is based on certain assumptions.
- Information is widely and freely available to everyone.
- Investors interpret this information correctly and quickly react to it.
- Events that occur in the market are random
The investors cannot beat the market and make risk free excess returns because price reflects all information that is available to everyone.
<span>The type of bond Frank has purchased is "subordinated debenture".
</span>Other names or terms that are used for this type of bond are; subordinated<span> debt, </span>subordinated<span> loan, </span>subordinated bond,<span> or junior debt.
Subordinated debenture is a sort of bond that refers to an unsecured and gives bondholders a claim optional to that of other assigned bondholders concerning both salary and resources.
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Answer:
partial measure
Explanation:
Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.
