QUESTION 28 Which of the following statements are true for Stock Valuation techniques: No single technique provides a final answer regarding a stock's true value Practitioners use a combination of these approaches Confidence comes from consistent results from a variety of methods All of the above are true QUESTION 29 Which of the following statements best describes the efficient Market Hypothesis? At any given time, security prices fully reflect all available information, hence beating the market is due to chance Experienced investors routinely beat market index returns due to their financial acumen (knowledge) The best evidence of a stock's value is determined by the Discounted Free Cash Flow Model Markets always process stock trades officiently QUESTION 30 Random Walk Theory is best described by the following statement: Future stock prices are dependent upon previous prices The path that a stock's price follows cannot be determined from historical price information, especially in the short term New stock information is announced in a regular and predictable manner by the 24-hour news media None of the above statements describes the Random Walk Theory QUESTION 11