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Which of the following is NOT implied by the efficient market hypothesis? A. information is reflected in the security prices B. Firms should expect to

Which of the following is NOT implied by the efficient market hypothesis?

A.

information is reflected in the security prices

B.

Firms should expect to receive fair value for the securities they issue

C.

awareness of information when it is released does an investor no good

D.

Financial managers can profitability sepculate in foreign currencies and interest rates

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