In an Efficient Market,__________

question 34

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 analysts will not enable investors to realize superior returns consistently
• D) one cannot make money
• E) a,b,and c

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Definitions:

Oval Window

The membrane-covered opening that leads from the middle ear to the vestibule of the inner ear.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses.

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Company Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business.