Which of the following is NOT an assumption on the existence of efficient markets?
A) investors will react quickly to new information
B) information arrives randomly and independent of any other information
C) there are a small number of rational, well-informed and profit motivated investors
D) information is widely available to the market, with no cost
Correct Answer:
Verified
Q9: What does informational efficiency refer to?
A)Cheap information
Q10: If markets were strong form efficient, which
Q11: An investor can consistently make excess profits
Q12: What does operational efficiency refer to?
A)Prices that
Q13: Which of the following is NOT an
Q15: What does the concept of an efficient
Q16: According to John Keynes, what do small
Q17: If markets were semi-strong form efficient, which
Q18: Which one of the following is NOT
Q19: A stock's price rises by 10% two
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