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If financial markets are efficient, which of the following is true? A. All public information is rapidly reflected in stock prices, so there are
If financial markets are efficient, which of the following is true? A. All public information is rapidly reflected in stock prices, so there are no profit opportunities that can be forecast. B. There are many profit opportunities available, so people will be eager to purchase securities. C. It is never possible to earn profits in securities markets. D. Stock price movements are predictable because there is so much information available to the market.
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Auditing and Assurance Services
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