The goal of fundamental analysts is to find securities

A) whose intrinsic value exceeds market price.
B) with a positive present value of growth opportunities.
C) with high market capitalization rates.
D) All of the options are correct.
E) None of the options are correct.

Arbitraging price differences between two markets is generally not possible if:

A) there are positive costs of transporting the products from one market to the other.
B) the transportation costs are larger than the difference in prices.
C) the government has prohibited exchange between the two markets.
D) A and C above
E) B and C above

A strong form of market efficiency is considered to hold in well-organized markets.

Strama, Inc., manufactures and sells two products: Product A6 and Product I5.The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: The activity rate for the General Factory activity cost pool under activity-based costing is closest to:

A) $21.25 per MH
B) $111.96 per MH
C) $45.22 per MH
D) $19.23 per MH