If Security Prices Follow a Random Walk, Then on Any

question 30

True/False

If security prices follow a random walk, then on any particular day the odds are that an increase or decrease in price is equally likely.

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Definitions:

Electrolyte

A compound that forms an electrically conductive solution upon being dissolved in a polar solvent, like water.

NaI

Sodium iodide, an ionic compound often used in organic synthesis and as a supplement.

KBr

Potassium bromide, a chemical compound consisting of potassium (K) and bromine (Br), used mainly in photography and in medication.

AgBr

Silver bromide, a chemical compound used in photographic films and papers.