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The return of a fund consisting of 120 different stocks and the stock of XYZ company can be examined over the last ten years. Standard

The return of a fund consisting of 120 different stocks and the stock of XYZ company can be examined over the last ten years.

Standard Deviation

Return

Fund (120 different stocks)

0.15

0.19

XYZ Company's Stock

0.18

0.13

Does the situation refer that the market is an efficient market?

Interpret the situation within the scope of market efficiency.

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