Important characteristic(s) of market efficiency is that _________________.
I.there are no arbitrage opportunities
II.security prices react quickly to new information
III.active trading strategies will not consistently outperform passive strategies
A) I only
B) II only
C) I and III only
D) I, II and III
Correct Answer:
Verified
Q44: Stock market analysts have tended to be
Q46: According to the semistrong form of the
Q47: Most tests of semistrong efficiency are _.
A)
Q49: "Active investment management may generate additional returns
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Q53: The Fama and French evidence that high
Q56: The broadest information set is included in
Q57: DeBondt and Thaler (1985)found that the poorest
Q59: Which of the following contradicts the proposition
Q59: Even if the markets are efficient,professional portfolio
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