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Paraphrase Market efficiency relates to the value of securities traded in that market. When prices of securities are near their intrinsic value, and stocks near

Paraphrase Market efficiency relates to the value of securities traded in that market. When prices of securities are near their intrinsic value, and stocks near equilibrium, the market is known to be efficient. The markets for all stocks are not equally efficient because of the difference in the information provided by individual companies

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