Imp Begley is pondering the statement. The pattern of security price behavior might appear the same whether

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Imp Begley is pondering the statement. "The pattern of security price behavior might appear the same whether markets were efficient or security prices bore no relationship whatsoever to investment value." Explain the meaning of this statement to Imp.
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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