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Which of the following is LEAST true in efficient markets? A. Prices should adjust quickly to new information. B. Positive net present value projects should

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Which of the following is LEAST true in efficient markets? A. Prices should adjust quickly to new information. B. Positive net present value projects should be relatively rare. C. Investors should only receive positive return if they take on systematic risk. D. Investors should normally expect to receive a return equal to the IRR

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