CORPORATE FINANCE--CONNECT ACCESS CARD
CORPORATE FINANCE--CONNECT ACCESS CARD
12th Edition
ISBN: 9781264331062
Author: Ross
Publisher: MCG CUSTOM
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Chapter 14, Problem 3CQ

Efficient Market Hypothesis Which of the following statements are true about the efficient market hypothesis?

  1. a. It implies perfect forecasting ability.
  2. b. It implies that prices reflect all available information.
  3. c. It implies an irrational market.
  4. d. It implies that prices do not fluctuate.
  5. e. IT results from keen competition among investors.
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