Question
In a truly efficient market, stock prices would react immediately and sharply to newinformation, settling into a new equilibrium price. Please explain this from an
"In a truly efficient market, stock prices would react immediately and sharply to newinformation, settling into a new equilibrium price."
Please explain this from an introduction to finance perspective.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
