How efficient are capital markets? Explain.

Write a justification for capital purchase (1,000-1,200 words) to your vice president as to why the purchase would be a good investment for the hospital.
August 5, 2017
Considering your own career aspirations, explain where you think you will be on the research, practitioner, or scholar continuum.
August 5, 2017
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How efficient are capital markets? Explain.

In preparation for this week’s discussion, students should read pages 335–341, chapter 12, in the course textbook.  They should also study a number of the academic articles relating to market efficiency that are identified in footnotes to this reading.

Question: How efficient are capital markets?  Explain.

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