Question
Random price movements (i.e. unpredictable price changes) indicate that ________. (a) investors are irrational (b) technical analysis to uncover trends can be quite useful (c)
Random price movements (i.e. unpredictable price changes) indicate that ________.
(a) investors are irrational
(b) technical analysis to uncover trends can be quite useful
(c) stock prices respond very slowly to both new and old information
(d) markets are functioning efficiently
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
