Q11.31. Comment on the following statement: An efficient market seems like an impossible concept. In an efficient
Question:
Q11.31. Comment on the following statement: "An efficient market seems like an impossible concept. In an efficient market, no one can earn excess returns. Therefore, no one collects information. Therefore, prices do not contain information, and collecting in- formation should earn excess returns."
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: