Which of the following statements are true about the efficient market hypothesis? a. It implies perfect forecasting
Question:
a. It implies perfect forecasting ability.
b. It implies that prices reflect all available information.
c. It implies an irrational market.
d. It implies that prices do not fluctuate.
e. It results from keen competition among investors.
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a False Market efficiency implies that prices reflect all available information but it does not impl...View the full answer
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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