Which one of the following statements concerning market efficiency is correct?

Question 11 options:

	Investors will generally receive a fair price when they sell shares of stock.
	New information will gradually be reflected in a stock's price to avoid any sudden change in the price of the stock.
	In a strong-form efficient market, some market participants will have an advantage over others.
	Real asset that are infrequently bought and sold (e.g., real estate, timber) are more efficient than financial assets (e.g. stock, bonds) that are heavily traded.
	None of the above.