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Basic Question 0 of 4
Which statement is true?
II. Arbitrage activities contribute to market efficiency.
I. Trading limitations contribute to market efficiency.
II. Arbitrage activities contribute to market efficiency.
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Edward Liu
Learning Outcome Statements
evaluate whether a security, given its current market price and a value estimate, is overvalued, fairly valued, or undervalued by the market
describe major categories of equity valuation models
CFA® 2025 Level I Curriculum, Volume 3, Module 8.