What is the basic assertion of the efficient capital market theory? What are the implications of an "efficient market" for:
Definitions:
Compounded 12 Times Per Year
Refers to the process of applying interest to an original amount of money, with the interest being calculated and added twelve times in a year.
Compounded 365 Times Per Year
A term used in finance to indicate that interest is calculated and added to an account's balance 365 times in one year, or daily.
Composition
The process or result of combining two or more functions by applying one function to the result of the other.
\(5x+9\)
An algebraic expression representing a linear function.
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