Which One of the Following Is Most Indicative of a Totally

question 50

Multiple Choice

Which one of the following is most indicative of a totally efficient stock market?

• A)extraordinary returns earned on a routine basis
• B)positive net present values on stock investments over the long-term
• C)zero net present values for all stock investments
• D)arbitrage opportunities which develop on a routine basis
• E)realizing negative returns on a routine basis

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Definitions:

Chronosystem

is a concept in ecological systems theory representing the dimension of time, including life transitions, events, and historical contexts that impact development.

Historical Generation

A group of people strongly influenced by a major historical event during their formative period.

Nonnormative Life Events

Unusual occurrences that have a significant impact on an individual's life but do not follow a predictable timing in the lifespan.

Normative Age-Graded

Refers to the universal life events that occur at typical ages, shaping individual development.