Which of the following statements regarding the efficient market hypothesis (EMH) is not correct? A. Average returns in an efficient market are equal to the required rate of return. B. In an efficient market, new information is reflected in asset prices quickly and correctly. In an efficient market, investors cannot expect to make money without taking risk. D. In an efficient market, prices are expected to be steady rather than volatile. E. Competition in identifying mispriced securities in financial markets ensures market efficiency