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In an efficient market: 1- The price of every asset equals the present value of estimated future cash flows at all times 2- the price

In an efficient market:

1- The price of every asset equals the present value of estimated future cash flows at all times

2- the price of every asset equals the present value of estimated future cash flows most of the time

3- the price of every asset will reflect the most efficient price for buyers

4- the price of every asset will reflect the most efficient price for sellers

5-none

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