Question: Evaluate the following two statements 1. Efficient Markets involve random price changes because investors cannot predict surprises. II. In an efficient market, an investor can

Evaluate the following two statements 1. Efficient Markets involve random price

Evaluate the following two statements 1. Efficient Markets involve random price changes because investors cannot predict surprises. II. In an efficient market, an investor can outperform the market on a risk-adjusted basis. O II is Correct. I and II are wrong O lis Correct O I and II are Correct

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