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Which of the following is NOT a feature of perfect capital markets? All entities (individuals and corporations) have the
Posted: Wed Mar 09, 2022 8:46 am
by answerhappygod
- Which Of The Following Is Not A Feature Of Perfect Capital Markets All Entities Individuals And Corporations Have The 1 (33.35 KiB) Viewed 61 times
Which of the following is NOT a feature of perfect capital markets? All entities (individuals and corporations) have the same access to the capital market. Investors and firms can trade the same set of securities at competitive market prices equal to the present value of their future cash flows. There are no taxes, transaction costs, or issuance costs. A firm's financing decisions do not change the cash flows generated by its investments, nor do they reveal new information about them. All of the above are features of perfect capital markets.