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Question $78$ of $85$

Question ID: $1240738$

Which of the following conclusions regarding fundamental analysis will an investor reach if she believes in the weak form of the efficient market hypothesis?

A$)$ Fundamental analysis must be combined with technical analysis to identify undervalued securities$.$

B$)$ Fundamental analysis can be used to identify undervalued securities$.$

C$)$ Fundamental analysis cannot be used to identify undervalued securities$.$

D$)$ Fundamental analysis, applied in a top$-$down manner, can be used to identify undervalued securities$.$

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