Question 18 1 pts The Efficient Markets Hypothesis (EMH) refers to a stock that will quickly adjust its price in response to new information, which makes it difficult for an investor to earn more than an "average return," company insiders or others with inside information. In other words, the stock price reflects all pertinent information, whether public or private information. The EMH also means: An efficiently priced stock can have a rapid change in price (up or down) as new information becomes available - whether public or private information - because the EMH focuses on information efficiency, not stable pricing. The EMH applies only to stock markets in countries other than the U.S. The EMH has been abandoned by investors after research proved that market efficiency (i.e. efficient pricing) is impossible. An efficiently priced stock cannot and will not have a rapid change in its price