Efficient Market Hypothesis Which of the following statements are true about the efficient market hypothesis? (a) It

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

(a) It implies perfect forecasting ability.

(b) It implies that prices reflect all available information.

(c) It implies an irrational market.

(d) It implies that prices do not fluctuate.

(e) It results from keen competition among investors.

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Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

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