Question
In a well functioning market, asset prices... A. Should follow a random walk B. Will move up and down with fundamentals such as aggregatedividends C.
In a well functioning market, asset prices...
A. Should follow a random walk
B. Will move up and down with fundamentals such as aggregatedividends
C. Should not be predictable
D. Should form a martingale
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Statistics For Business Decision Making And Analysis
Authors: Robert Stine, Dean Foster
2nd Edition
978-0321836519, 321836510, 978-0321890269
