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if the stock market is efficient then (a) investors should select their investments randomly since all securities are correctly priced (b) investors should consider factors,
if the stock market is efficient then
(a) investors should select their investments randomly since all securities are correctly priced
(b) investors should consider factors, such as risk preferences, when selecting a porfolio of securities
(c) a porfolio of randomly-selected securities will necessarily eliminate all unsystematic risk
(d) portfolio selection becomes easy since all information is impounded in share prices
(e) both (c) and (d) above
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