Question
All equity markets are efficient, Sarah said.I disagree, said Chloe.Large cap-markets are efficient - but small-cap markets are not, she continued.Olivia went further.What about developing
All equity markets are efficient," Sarah said."I disagree," said Chloe."Large cap-markets are efficient - but small-cap markets are not," she continued.Olivia went further."What about developing country markets.I think these are not efficient."What do you think?Is Sarah, Chloe or Olivia right? Or, are none of them right?Take a position and support it. (5 marks)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
