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Which one of the follow statements is CORRECT? Passive investors are more risk-averse than active investors. When the market is in the semi-strong form of

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Which one of the follow statements is CORRECT? Passive investors are more risk-averse than active investors. When the market is in the semi-strong form of efficiency, the stock price should be equal to the intrinsic value. If all investors are active investors who use all available information to price stocks, then stock returns will become stable. In a semi-strong efficient market, there is no need for an equity valuation model. O None of the above statements is correct

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