If Exchange Markets Were Efficient, the Deviation of the Actual

question 54

True/False

If exchange markets were efficient, the deviation of the actual future quote and today's forward rate will be zero.

---

Definitions:

Ownership Interest

Indicates an individual's or entity's legal rights and stakes in a company or property.

Consolidated Stockholders' Equity

The total equity in a conglomerate of all the shareholders combined, as if the conglomerate and its subsidiaries were a single entity.

Investment Income

Income received from investment assets, including dividends, interest, and capital gains.

Book Value

The amount of value remaining in a company's assets, after accounting for depreciation and amortization, that shareholders would theoretically receive if assets were liquidated.