Question: 3/ please answer 3.According to the efficient market hypothesis: High-beta stocks are consistently overpriced. 2 Low-beta stocks are consistently overpriced. (3) Positive alphas on stocks

3/ please answer 3/ please answer 3.According to the efficient market hypothesis: High-beta stocks are

3.According to the efficient market hypothesis: High-beta stocks are consistently overpriced. 2 Low-beta stocks are consistently overpriced. (3) Positive alphas on stocks will quickly disappear. Negative alpha stocks consistently yield low returns for arbitrageurs

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