DrLIFE6021 DrLIFE6021
  • 19-12-2022
  • Business
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if markets are efficient, a bidder which offers a price to a target which is above the market price is making an error. bidder may be willing to do this due to over-confidence of the bidding firm's management, which may think it knows more than the market. which theory of ma is this referring to?

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