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Which of the following are implications of the Efficient Markets' Hypothesis? A. Uninformed retail investors will pay too much for shares. B. Share prices will

Which of the following are implications of the Efficient Markets' Hypothesis?

A. Uninformed retail investors will pay too much for shares.

B. Share prices will reflect all information available to investors.

C. The price of every security reflects its risk: securities with equivalent risk will have the the same expected return.

D. As the Net Present Value (NPV) of investing is zero, it is not worth investing in any securities.

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