Why does fundamental analysis tend to make the market efficient?
Answer to relevant QuestionsSuggest some studies that would indicate the market is not completely efficient in the semistrong form. In examining Figure 9–7 page 220, if the next price movement is to 34, will a shift to a new column be indicated? (Assume the current price is 36.) What does the overreaction hypothesis state, and what are its implications for investors? What is shelf registration? How do zero-coupon securities, such as Treasury strips, provide returns to investors? How are the returns taxed?
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