Question
1. Select the FALSE statement concerning efficient markets The current price of a stock reflects all known information Investors will use all relevant data in
1. Select the FALSE statement concerning efficient markets
The current price of a stock reflects all known information
Investors will use all relevant data in making their decisions
A perfect adjustment in price follows any new information
Following any adjustment, the new price does not have to be the new equilibrium price
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
