Question
If stock prices follow a random walk then it is due to the fact ______________. A. investors are irrational B. new information is unpredictable C.
If stock prices follow a random walk then it is due to the fact ______________.
| A. | investors are irrational | |
| B. | new information is unpredictable | |
| C. | information is not efficiently disseminated | |
| D. | investors tend to rely on technical analysis | |
| E. | investors do not have all information. |
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Introductory Accounting A Measurement Approach For Managers
Authors: Daniel P. Tinkelman
1st Edition
9781138956216
