Question
Which of the following statements is TRUE? A. Consistent with completely efficient markets, stock prices reach equilibrium several times per day and fall out of
Which of the following statements is TRUE?
A. | Consistent with completely efficient markets, stock prices reach equilibrium several times per day and fall out of equilibrium several times per day. | |
B. | Efficient markets protect investors from wrong choices even if they do not diversify. | |
C. | Efficient markets react to new information by partially and slowly adjusting the price of a stock to its new fair market value with a delay since it takes a while for everyone to agree. | |
D. | If markets are weak-strong form efficient, then all past pricing and trading information is reflected in stock prices and technical analysis is useless. |
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