Green Caterpillar Garden Supplies Inc.$\text{'}$s stock finished trading at a price of $$42\mathrm{.}01$ for the day. The market price had varied from $$41\mathrm{.}93$ to $$42\mathrm{.}10$ throughout the day as buy and sell orders came in$.$ It would be reasonable to consider the price of $$42\mathrm{.}01$ per share as the firm's equilibrium price grad for the day.

Read the following statement, and use its information to determine which of the following statements is most accurate.

Steven's finance professor in college convinced him that the stock market is an efficient market. Steven is $26$ years old and just starting to save for his retirement by opening up an IRA account. You can assume that Steven's assumption that the stock market is efficient is correct.

Steven would get better value for his time and money by investing in individually selected stocks than he would from investing in multiple index funds, such as the S&P $500.$

Steven would get better value for his time and money by investing in multiple index funds, such as the S&P $500,$ than he would from trying to build a portfolio from individually selected stocks.