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2. Which of the following statements is (are) true? 1. The expected rates of returns on all stocks are the same if the stocks are

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2. Which of the following statements is (are) true? 1. The expected rates of returns on all stocks are the same if the stocks are correctly priced. 2. The risk-adjusted expected rates of returns on all stocks are the same if the market is efficient and the stocks are correctly priced. 3. The risk-adjusted expected rates of returns on all stocks are different if the market is efficient and the stocks are correctly priced. 4. A random walk occurs when stock prices change for no discernible reason. Your choice: 2/25 Qs Statement 1 Statement 3 Statements 3 and 4 Statement 4 Statements 1, 3 and 4 Statement 2

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