Question: Assume the securities markets are strong form efficient. Given this assumption, you should expect which one of the following to occur? 1) Each security in
Assume the securities markets are strong form efficient. Given this assumption, you should expect which one of the following to occur? 1) Each security in the market will have an annual rate of return equal to the risk-free rate. 2) The price of each security in that market will incorporate public and privately available information. 3) The price of any one security in that market will remain constant at its current level. 4) The risk premium on any security in that market will be zero
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