Question: Efficient financial markets fluctuate continuously because: The markets are continually reacting to old information as that information is absorbed. Arbitrage trading is limited. Investments produce

Efficient financial markets fluctuate continuously because:

The markets are continually reacting to old information as that information is absorbed.

Arbitrage trading is limited.

Investments produce varying levels of net present values.

Current trading systems require human intervention.

The markets are continually reacting to new information.

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