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August 6th, 2018 
admin - Describe an efficient capital market for stocks.
- Compare and contrast the weak form of market efficiency with the strong and semi-strong forms.
- Explain the relevance of market efficiency for financial managers.
- Distinguish how maximizing the value of the corporation differs from maximizing shareholder interests.
- Explain how leverage can improve returns to the shareholders.
- Describe the impact of corporate taxes on the weighted average cost of capital.
- Distinguish between direct and indirect costs in a corporate bankruptcy.
- Describe agency costs and the impact on bondholders.
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