The efficient market hypothesis is associated with the degree to which market prices reflect available information. A more efficient market would better reflect all information. Aninefficient market would would support which of the following:

		The price of securities accurately reflects all of the information available.
		Investors would likely be compensated from researching stocks and using that public information to learn the true (intrinsic) value of the stock
		None of the above
		Mutual fund managers cannot earn more return because all information is already reflected in asset prices