This theory, which essentially states that the price of a traded asset, such as a share, fully reflects its true value, has been discredited by the market turmoil of the last two years.

这个理论基本上是说，市场上如股票之类的交易资产的价格充分体现了它的真正价值。这一理论已由于过去两年的市场动荡而遭到质疑。

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It is determined by a number of factors including market share, competition, material costs, product identity and the customer's perceived value of the product.

它由一系列因素决定，这些因素包括市场份额、竞争、材料成本、产品身份和顾客认知的产品价值。

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Back in 1896, the original Dow Jones Industrial Average was an unscientific selection of 12 American companies, weighted by the nominal level of their share prices rather than their market value.

1896年，道琼斯工业平均指数的计算最初只选择12家美国公司，按照名义股价而非市值进行加权，这很不科学。

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In fact, Golden China has hit on a broader seam of market discrepancies: the value of a share often depends on where the stock is floated.

ECONOMIST: Stock exchanges

You are supposed to declare as income the fair market value of the services rendered to you. (If you later share sales proceeds with the charity, that would be a deductible contribution.) There are at least two different ways to account for the improvements, one dicey, the other less so.

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In fact the 100 share index, the main measure of stock market value, ended the year higher than it had started.

BBC: The stock market crash of 1987: What have we learned?