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An efficient market is one where prices of stocks move up and down widely without apparent reason prices of stocks remain low for long periods
An efficient market is one where prices of stocks move up and down widely without apparent reason prices of stocks remain low for long periods of time prices of stocks are unaffected by market news the market reflects information quickly so the price of a security is in equilibrium, and their expected returns equal their required returns
An efficient market is one where
prices of stocks move up and down widely without apparent reason
prices of stocks remain low for long periods of time
prices of stocks are unaffected by market news
the market reflects information quickly so the price of a security is in equilibrium, and their expected returns equal their
required returns
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