Question: The statement that stock prices do not follow a random walk implies that (I) successive price changes are independent of each other, (II) successive price

The statement that stock prices do not follow a random walk implies that (I) successive price changes are independent of each other, (II) successive price changes are positively related; (III) successive price changes are negatively related; (IV) the autocorrelation coefficient is zero Multiple Choice (II) only (III) only (i) only (II) or (III)

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