In an Efficient Market

question 55

Multiple Choice

In an efficient market,

• A) security prices react quickly to new information.
• B) security prices are seldom far above or below their justified levels.
• C) security analysis will not enable investors to realize superior returns consistently.
• D) one cannot make money.
• E) security prices react quickly to new information, security prices are seldom far above or below their justified levels, and security analysis will not enable investors to realize superior returns consistently.