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What does efficient market imply? I. Stock prices are in equilibrium and are fairly priced II. Investors can earn a positive return in the stock
What does efficient market imply? I. Stock prices are in equilibrium and are fairly priced II. Investors can earn a positive return in the stock market III. Return is commensurate with the total risk IV. Return is commensurate with the systematic risk V. Investors cannot earn an abnormal return in the stock market Only I and IV are correct Only I II IV and V are correct Only I and II are correct Only I II and IV are correct
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