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The efficient-market hypothesis (Links to an external site.) (EMH) is a theory describing the behavior of an assumed perfect market in which securities are in
The efficient-market hypothesis (Links to an external site.) (EMH) is a theory describing the behavior of an assumed perfect market in which securities are in equilibrium, security prices fully reflect all available information and react swiftly to new information, and yet stocks are not fully and fairly priced, so investors will not waste time looking for mispriced securities
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