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The random walk hypothesis assumes that: Group of answer choices capital markets are semi-strong form efficient. successive price changes are independent and identically distributed over
The random walk hypothesis assumes that:
Group of answer choices
capital markets are semi-strong form efficient.
successive price changes are independent and identically distributed over time.
capital markets are weak-form efficient.
the expected return on an asset is constant from one period to the next and therefore changes in actual returns around the expected return are non-random.
share price changes are correlated.
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