Assume Adam Was Convicted of Robbery and the Judge Wants

question 17

Multiple Choice

Assume Adam was convicted of robbery and the judge wants to impose a longer sentence because of Bill's physical injuries.

• A)The judge has discretion to impose any sentence authorized by the state's laws.
• B)The judge can impose a longer sentence as long as Adam was given notice before trial that the longer sentence was possible.
• C)The judge can impose a longer sentence only if the trier of the facts decided that the injuries were caused by Adam during the robbery.
• D)The judge does not have discretion to impose a longer sentence.

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Definitions:

Efficient Market

A financial market theory suggesting that asset prices fully reflect all available information at any given time, ensuring that securities are appropriately priced and investors cannot consistently achieve higher-than-average returns.

NPV

Net Present Value, a calculation to determine the present value of future cash flows minus initial investment, used to assess the profitability of a project.

Market Efficiency

An economic theory that posits that it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information.

Security Prices

The current market price or value of a financial security, such as stocks and bonds, determined by supply and demand.