Question: If the U . S . stock market is efficient, how do you explain the fact that some people make very high returns? Would it
If the US stock market is efficient, how do you explain the fact that some people make very high returns? Would it be more difficult to reconcile very high returns with efficient markets if the same people made extraordinary returns year after year? Higgins, Robert. Analysis for Financial Management p McGrawHill Higher Education. Kindle Edition.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
