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Efficient securities markets imply that a. investors cannot outperform the market. b. security prices are randomly determined. c. there is little risk of loss over

Efficient securities markets imply that

	a.	investors cannot outperform the market.
	b.	security prices are randomly determined.
	c.	there is little risk of loss over an extended investment horizon.
	d.	investors cannot expect to outperform the market.

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