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Basic Question 0 of 7
Which of the following statements is (are) true if the efficient market hypothesis holds?
B. It implies the market is irrational and prices follow a particular pattern.
C. It implies that prices reflect all available information.
A. It implies perfect forecasting ability.
B. It implies the market is irrational and prices follow a particular pattern.
C. It implies that prices reflect all available information.
User Contributed Comments 2
| User | Comment |
|---|---|
| chenyx | EMH does not assume that market participants correctly adjust prices,just that their price adjustments are unbiased |
| chezyfive | I guess this is straight forward enoungh! |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe features of commodities and their investment characteristics
analyze sources of risk, return, and diversification among natural resource investments
CFA® 2025 Level I Curriculum, Volume 5, Module 5.