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Markets tend to be efficient when Multiple Choice all investors are required to be rational. amateurs dominate the market. prices adjust to new information slowly.
Markets tend to be efficient when
Multiple Choice
- all investors are required to be rational.
- amateurs dominate the market.
- prices adjust to new information slowly.
- professional arbitrage exceeds amateur speculation.
- arbitrage is unlawful.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
