EBK PRINCIPLES OF CORPORATE FINANCE
EBK PRINCIPLES OF CORPORATE FINANCE
12th Edition
ISBN: 9781259358487
Author: BREALEY
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 13, Problem 3PS

Market efficiency Which (if any) of these statements are true? Stock prices appear to behave as though successive values

  1. (a) Are random numbers.
  2. (b) Follow regular cycles.
  3. (c) Differ by a random number.
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