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The theory of efficient markets implies: the price at which stocks currently trade only reflect past information. the chartists are in fact correct that there
The theory of efficient markets implies: the price at which stocks currently trade only reflect past information. the chartists are in fact correct that there are patterns in stock prices. expectations do not play a role in stock prices because this isn't real information. stock prices should be highly unpredictable
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
