Question: An efficient capital market is one in which___________ Select one: a. security prices reflect available information. b. brokerage commissions are zero. c. security prices are

An efficient capital market is one in which___________

Select one:

a. security prices reflect available information.

b. brokerage commissions are zero.

c. security prices are guaranteed by the Johannesburg Stock Exchange (JSE) to be fair.

d. securities always offer a positive rate of return to investors.

e. taxes are irrelevant.

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