Good evening,
I was having a little trouble getting around this question:
The existence of information content in dividends contradicts the idea that the stock market is strong-form efficient.
The existence of projects with positive expected net present values contradicts the idea that the stock market is strong-form efficient.
Answer to 1 is True and 2 is False.
I didn't quite understand this question. Could you help me with question please?
Thank you.