PRIN.OF CORPORATE FINANCE
PRIN.OF CORPORATE FINANCE
13th Edition
ISBN: 9781260013900
Author: BREALEY
Publisher: RENT MCG
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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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