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Which one of the following statements is NOT correct? Changes in stock market returns follow a random walk in the short term because the market

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Which one of the following statements is NOT correct? Changes in stock market returns follow a random walk in the short term because the market is not rational None of the above/below O In an informationally efficient market, security prices reflect information efficiently. The stock market follows random walk in short term and has a positive trend in long term. Danian Nawet

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