Securities markets are considered to be pricing efficient when: a. Market trading volumes are the same from one period to the next b. Market prices reflect information in an accurate and timely manner c. All investors realize an increase in the value of their investments d. Each of these answers is correct Which of the following statements is true concerning the secondary market? Select one: a. It is used for issuing new securities b. It trades only listed stocks c. It has never been regulated d. None of these answers are correct