Question
An implication of the efficient market hypothesis is that __________. high-beta stocks are consistently overpriced nonzero beta will quickly disappear low-beta stocks are consistently overpriced
An implication of the efficient market hypothesis is that __________.
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high-beta stocks are consistently overpriced
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nonzero beta will quickly disappear
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low-beta stocks are consistently overpriced
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stocks are consistently fairly priced
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
