Which of the following is not a requirement for an efficient security market ?

CS Executive · Financial and Strategic Management · PYQS · December 2021
Which of the following is not a requirement for an efficient security market ?
(A) Taxes are assumed to have no noticeable effect on investment policy
(B) Investors are rational
(C) Transaction costs of securities are considered
(D) Every investor has similar access to investible funds at the same terms and conditions

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Management

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