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According to the efficient market hypothesis, which one of the following is NOT correct: a) Markets place a premium on the future b) Todays stock
According to the efficient market hypothesis, which one of the following is NOT correct:
a) Markets place a premium on the future
b) Todays stock price is the best predictor of tomorrows stock price
c) Stock prices reflect all available information
d) Todays stock price incorporates the past history of prices
And please explain WHY.
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
