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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