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Which of the following does the concept of market efficiency imply? 1. Fundamental analysis encourages semi-strong form efficiency. 2. All shares have the same price.

Which of the following does the concept of market efficiency imply?

	1.	Fundamental analysis encourages semi-strong form efficiency.
	2.	All shares have the same price.
	3.	Stock prices do not fluctuate.
	4.	Technical analysis encourages semi-strong form efficiency.

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Answer An efficient market is that market in which the securities reflect the information ... blur-text-image

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