Question: The efficient market hypothesis has never been widely accepted on Wall Street because it implies that: Multiple choice question. the actions of intelligent investors are

The efficient market hypothesis has never been widely accepted on Wall Street because it implies that:
Multiple choice question.
the actions of intelligent investors are the driving force behind the fair market price.
there is a selection bias when evaluating fund performance.
the search for undervalued securities is wasted effort.
investors should hold a diversified portfolio.

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