Question: An efficient capital market is one in? which: A. Security prices reflect available information B. Prices fluctuate smoothly C. Information is distributed fairly D. Risky

An efficient capital market is one in? which:

A.

Security prices reflect available information

B.

Prices fluctuate smoothly

C.

Information is distributed fairly

D.

Risky securities offer a positive rate of return to investors

E.

After?tax returns are equalized

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