According to what I read in a financial time reports market efficient 4 hypothesis implies that the expected average value of variations in the share price is zero. Therefore, the best estimate in the future price of a share is its price today as it incorporates all the overall information. Is that right?
According to what I read in a financial time reports market efficient 4 hypothesis implies that the expected average value of variations in the share price is zero. Therefore, the best estimate in the future price of a share is its price today as it incorporates all the overall information. Is that right?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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According to what I read in a financial time reports market efficient 4
hypothesis implies that the expected average value of variations in the
share price is zero. Therefore, the best estimate in the future price of a
share is its price today as it incorporates all the overall information. Is
that right?
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