Market Prices Can Be Efficiently Priced If

question 20

Multiple Choice

Market prices can be efficiently priced if

• A)brokerage commissions are zero.
• B)a number of interested traders use the publicly available information.
• C)securities always offer a positive rate of return to investors.
• D)the prices are guaranteed by the U.S.Securities and Exchange Commission.
• E)taxes are irrelevant.

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Definitions:

Boolean Operators

Terms such as AND, OR, and NOT that allow one to fine-tune a database search.

Logarithmic

Related to a scale or mathematical function that grows in proportion to the logarithm of a variable.

Bodleian

Referring to the Bodleian Library, a famous historical library associated with the University of Oxford.

Numeric

Related to, consisting of, or expressed in numbers or digits, often used in the context of data or information that can be quantified.