Examlex
If a psychological test measures what it is supposed to measure, it has which of the following properties?
Efficient Market Hypothesis
The assertion that information travels around the U.S. financial system so fast that stock prices virtually always reflect all available information. The concept implies that technical analysis is useless.
Stock Prices
The cost of purchasing a share of a company at any given time, reflecting the market's valuation of the company.
Publicly Available Information
Information that is not restricted and can be accessed by the general public, often used in the context of financial markets.
Cumulative Feature
A characteristic of preferred stock that allows for the accumulation of unpaid dividends which must be paid out before any dividends are given to common stockholders.
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