In an efficient market:
A) it is fairly easy to find stocks whose prices do not fairly reflect the present value of future expected cash flows
B) expected news will cause a rapid change in prices
C) information flows are random, both in timing and in content
D) all the above

Question

Quizplus · Accepted Answer

In an efficient market, information flows are random in timing and content, making it difficult to predict stock price movements based on available information.

In an Efficient Market