Which of the following statements are true if the efficient market hypothesis holds? a. Future events can

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Which of the following statements are true if the efficient market hypothesis holds?
a. Future events can be forecast with perfect accuracy.
b. Prices reflect all available information.

c. Security prices change for no discernible reason.
d. Prices do not fluctuate.

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Investments

ISBN: 9781259271939

9th Canadian Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian

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