The$$efficient$$markets$$hypothesis$$implies

Question $18$ options:

that$$all$$stocks$$are$$fairly$$valued$$all$$the$$time$$and$$that$$no$$stock$$is$$a$$better$$buy$$than$$any$$other$.$

that$$all$$stocks$$are$$fairly$$valued$$all$$the$$time$,$but$$that$$some$$stocks$$may$$be$$better$$buys$$than$$other$.$

that$$some$$stocks$$may$$be$$better$$buys$$than$$others$$and$$stock$$experts$$can$$determine$$which$$ones$.$

that$$no$$stock$$is$$efficiently$$valued$.$