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Stock prices fluctuate daily. In relation to the efficient market hypothesis, these fluctuations are: a inconsistent with the semistrong form of efficiency because prices should

Stock prices fluctuate daily. In relation to the efficient market hypothesis, these fluctuations are:

a inconsistent with the semistrong form of efficiency because prices should be stable.
b consistent with the semistrong form because new information arrives daily.
c consistent with all forms of market efficiency provided the prices do fluctuate on a daily basis.
d inconsistent with all forms of market efficiency.
e consistent with the strong form because prices and information are controlled by insiders.

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