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An investor who adheres to the efficient markets hypothesis is likely to believe which of the following? 1) Picking individual stocks will uncover undervalued

An investor who adheres to the efficient markets hypothesis is likely to believe which of the following? 1) Picking individual stocks will uncover undervalued stock opportunities. 2) Investment opportunities are available that would generate higher returns than indicated by their beta value. 3) Investment returns and risk are uncorrelated. 4) It is pointless to search for undervalued stock.

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