ESSEN OF INVESTMENTS CONNECT AC
ESSEN OF INVESTMENTS CONNECT AC
11th Edition
ISBN: 9781266650314
Author: Bodie
Publisher: MCG
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Chapter 9, Problem 11PS
Summary Introduction

To determine:

Whether the statement that "the market will not be informationally efficient even if the prices follow random walk" stands true .What is its significance for capital's efficient allocation

Introduction:

A market is called as informationally efficient when all available information is incorporated in the prices. Under this situation, the entire information associated with a particular company or firm stands to be certain and priced immediately into the stock of the company in the market.

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