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18. Prices of securities trading on The Turquoise Exchange react rapidly to information; however, firms listed on the exchange cannot completely hedge their risks. The

18. Prices of securities trading on The Turquoise Exchange react rapidly to information; however, firms listed on the exchange cannot completely hedge their risks. The Turquoise Exchange is likely to have: A) Informational efficiency and allocational efficiency B) Informational inefficiency and allocational efficiency C) Informational efficiency and allocational inefficiency D) Informational inefficiency and allocational inefficiency

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