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Security markets are efficient when each of the following exist except: A) security prices follow the leading indicators such as the DIJA very closely. B)
Security markets are efficient when each of the following exist except:
A) security prices follow the leading indicators such as the DIJA very closely.
B) the markets can absorb large dollar amounts of stock without destabilizing the price.
C) prices adjust rapidly to new information
D) there is a continuous market where each successive trade is made at a price close to the previous trade.
Please explain and justify answer.
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