1. Market prices can tell the financial manager:
A. whether the acquisition of another firm is a good idea
B. whether the CEO is doing a poor job
C. whether the firm is doing a divestiture
D. all of the above
2. Which of the following is NOT evidence against market efficiency?
A. Earnings surprises
B. Crashes and Bubbles
C. Prices follow a random walk
D. None of the above