Market informational efficiency is: A. the eradication of the principal-agent problem through information sharing. B. achieved when
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Question:
Market informational efficiency is:
A. the eradication of the principal-agent problem through information sharing.
B. achieved when no market participants whether possessing inside information or not, can systematically outperform the market.
C. regulated in the UK by the FCA.
D. refuted in its weak form by the success of momentum strategies which have been proven to work over long-term horizons.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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