Question
Suppose you believe that the security market is efficient in the semi-strong form. Which of the following statements is correct? _a.Day trading is good because
Suppose you believe that the security market is efficient in the semi-strong form. Which of the following statements is correct?
_a.Day trading is good because it may consistently beat the market and it saves transaction costs and taxes.
b.Day trading is not good because it cannot consistently beat the market and it involves high transaction costs and taxes.
c.Day trading may consistently beat the market, but it involves high transaction costs and taxes.
d.Day trading cannot consistently beat the market, but it saves transaction costs and taxes.
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
