Briefly Explain Why, in a Competitive Securities Market, Successive Price

question 6

Essay

Briefly explain why, in a competitive securities market, successive price changes are random.

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Definitions:

Admission

The process or fee associated with being allowed entry into a place, organization, or institution.

Interest Allowance

An amount that reduces the gross interest income earned, related to the cost of borrowing or credit facilities.

Income Summary

An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.

Net Loss

The amount by which total expenses exceed total revenues for a business during a specific period, indicating a reduction in equity.