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An efficient market is one where ________. (a) prices of stocks move up and down widely without apparent reason (b) prices of stocks remain low

An efficient market is one where ________.

(a) prices of stocks move up and down widely without apparent reason

(b) prices of stocks remain low for long periods of time

(c) prices of stocks are unaffected by market news

(d) the price of a security is an unbiased estimate of its true value

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