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[First Pass] Which of the following statements about the efficient markets hypothesis (EMH) is/are cor- rect? I. The EMH says that prices in the market
[First Pass] Which of the following statements about the efficient markets hypothesis (EMH) is/are cor- rect? I. The EMH says that prices in the market will quickly adjust to reflect relevant information. II. The EMH says that there is no way to consistently get a higher rate of return than the market portfolio. III. The EMH leaves open the possibility that you can do better than expected by being lucky. A. I and II only B. I and III only C. II and III only D. I, II and III E. None of (A), (B), (C), or (D) is correct
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