Question
If information does not arrive randomly and the market rapidly and accurately adjusts to any new information, stock prices will a) follow a random walk.
If information does not arrive randomly and the market rapidly and accurately adjusts to any new information, stock prices will
a) follow a random walk.
b) not follow a random walk.
c) behave in a deterministic manner.
d) behave in a completely random manner.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
