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Even if asset prices significantly deviate from fundamental values, it is not easy to make a superior return because (Select all that are correct) 1.

Even if asset prices significantly deviate from fundamental values, it is not easy to make a superior return because (Select all that are correct)

1. market prices may not converge to the fundamental value soon.

2. the profit opportunity quickly disappears since markets are highly competitive.

3. fundamental values are subjective and unobservable.

4. asset prices are volatile but yet predictable

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