Bonds Payable has a balance of $1,135,000 and Discount on Bonds Payable has a balance of $11,350. If the issuing corporation redeems the bonds 97.5, what is the amount of gain or loss on redemption? a. $17,025 gain b. $11.350 loss Oc. $17,025 loss Od. $11350 gain

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.