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In an efficient market, security prices a. adjust rapidly to new information. b. indicate that the firms are, on average, overvalued. c. poorly value a
In an efficient market, security prices
| a. | adjust rapidly to new information. | |
| b. | indicate that the firms are, on average, overvalued. | |
| c. | poorly value a firm's future prospects. | |
| d. | indicate that the firms are, on average, undervalued. | |
| e. | adjust slowly to new information. |
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