Morgan decides which stocks to purchase by throwing darts at the stock pages of The Wall Street Journal. Morgan probably believes that
A)stock prices do not follow a random walk.
B)the stock market is not informationally efficient.
C)stock market irrationality exists.
D)it is better to own stock in 23 companies than it is to own stock in 3 companies.

Question

Quizplus · Accepted Answer

The Answer of Morgan decides which stocks to purchase by throwing darts at the stock pages of The Wall Street Journal. Morgan probably believes that
A)stock prices do not follow a random walk.
B)the stock market is not informationally efficient.
C)stock market irrationality exists.
D)it is better to own stock in 23 companies than it is to own stock in 3 companies.

Morgan Decides Which Stocks to Purchase by Throwing Darts at the Stock