If security prices fully reflect all relevant available information, the security market is said to be:
A) rational.
B) in equilibrium.
C) effective.
D) efficient.

Name: If security prices fully reflect all relevant available information, the security market is said to be: A) rational. B) in equilibrium. C) effective. D) efficient.
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Question

Quizplus · Accepted Answer

The term "efficient" in finance refers to the Efficient Market Hypothesis, which states that security prices fully reflect all available information.

If Security Prices Fully Reflect All Relevant Available Information, the Security