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If the market processes new information efficiently, the reaction of market prices to new information will be: Group of answer choices unbiased. instantaneous. instantaneous and
If the market processes new information efficiently, the reaction of market prices to new information will be: Group of answer choices unbiased. instantaneous. instantaneous and unbiased. slow. random.An efficient capital market is one in which: Group of answer choices there is no thin trading. transaction costs are minimal. security prices fully reflect all available information. there are a large number of buyers and sellers. no abnormal returns can be made
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