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) In a 1953 study of stock prices, Maurice Kendall found a random walk, which means that A) there were no predictable patterns in stock

) In a 1953 study of stock prices, Maurice Kendall found a random walk, which means that A) there were no predictable patterns in stock prices B) stock prices exhibited strong serial autocorrelation C) day-to-day stock prices followed consistent trends D) fundamental analysis could be used to generate abnormal returns

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