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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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