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If markets are efficient then: All stocks will have the same expected returns All stocks will have the same risk Two stocks will the same
If markets are efficient then: All stocks will have the same expected returns All stocks will have the same risk Two stocks will the same volatility will have the same expected returns Two stocks with the same priced risks will have the same expected returns 
If markets are efficient then:
All stocks will have the same expected returns
All stocks will have the same risk
Two stocks will the same volatility will have the same expected returns
Two stocks with the same priced risks will have the same expected returns
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