Which one of the following statements is correct? The unexpected return is always negative. Over time, the average return is equal to the unexpected return. Over time, the average unexpected return will be zero. The expected return includes the surprise portion of news announcements. The expected return minus the unexpected return is equal to the total return. O O O O
Which one of the following statements is correct? The unexpected return is always negative. Over time, the average return is equal to the unexpected return. Over time, the average unexpected return will be zero. The expected return includes the surprise portion of news announcements. The expected return minus the unexpected return is equal to the total return. O O O O
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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Question
![Which one of the following statements is correct?
The unexpected return is always negative.
Over time, the average return is equal to the unexpected return.
Over time, the average unexpected return will be zero.
The expected return includes the surprise portion of news announcements.
The expected return minus the unexpected return is equal to the total return.
O
OOO O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcba5c243-d3c4-478f-8b27-e10a19198737%2F7bd3beb9-9788-4791-8a84-8bcac45c60ff%2F6gybjo_processed.png&w=3840&q=75)
Transcribed Image Text:Which one of the following statements is correct?
The unexpected return is always negative.
Over time, the average return is equal to the unexpected return.
Over time, the average unexpected return will be zero.
The expected return includes the surprise portion of news announcements.
The expected return minus the unexpected return is equal to the total return.
O
OOO O
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