Question
Market efficiency refers to how well current prices reflect all available, relevant information about the actual value of the underlying assets. A truly efficient market
Market efficiency refers to how well current prices reflect all available, relevant information about
the actual value of the underlying assets. A truly efficient market eliminates the possibility of beating
themarket, because any information available to any trader is already incorporated into
the market price. This market efficiency usually persists in an efficient market. Considering the
concept of the market efficiency, you are request to write that what are efficient markets? What
determines the price of an individual security in such a market?
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