Question
In a truly efficient market, stock prices would react immediately and sharply to new information, settling into a new equilibrium price. Please explain.
"In a truly efficient market, stock prices would react immediately and sharply to new information, settling into a new equilibrium price." Please explain.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
