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Check all the following that are true of a securities market that is strong-form efficient. a. The price of a security immediately adjusts to any
Check all the following that are true of a securities market that is strong-form efficient.
a. The price of a security immediately adjusts to any new information about the security.
b. It is impossible for an investor to consistently achieve a positive return.
c. It is impossible for an investor to consistently outperform the market.
d. Arbitrage opportunities do not persist in the market.
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