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The efficient markets hypothesis: A. Acknowledges that some fairly sizeable inefficiencies will exist even in efficient markets, but only during the long-term. B. Argues that
The efficient markets hypothesis: A. Acknowledges that some fairly sizeable inefficiencies will exist even in efficient markets, but only during the long-term. B. Argues that markets which fluctuate noticeably from one day to the next cannot be efficient. C. Suggests that an efficient market incorporates only about 90% of all public information into the market prices. D. Advocates that all investments in an efficient market have a net present value of zero
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