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Suppose stock prices follow random walks. That is, stock price changes are completely random and unpredictable. This indicates that __________. A.investors are drunk and cannot
Suppose stock prices follow "random walks". That is, stock price changes are completely random and unpredictable. This indicates that __________.
- A.investors are drunk and cannot even walk straight.
- B.investors are randomly selling and buying stocks.
- C.stock prices respond very slowly to both new and old information.
- D.stock markets are irrational and inefficient.
- E.stock markets are functioning efficiently
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