In an Efficient Market,__________

question 65

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 analysis will not enable investors to realize superior returns consistently
• D)one cannot make money
• E)A,B,and C

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Definitions:

Bogie Centerline

The central line running through a bogie, which is a framework carrying wheels, attached to vehicles such as trains or trailers, aiding in stability and balance.

Bridge Formula

Used to determine how a truck and semi-trailer support their respective loads. Generally, if a trailer sliding bogie is moved forward, the percentage of load supported by the tractor decreases. Bridge formula is also used to determine how tractor axles are loaded when the fifth wheel position is altered. Moving a sliding fifth wheel forward takes load off the drive bogies and transfers it to the steer axle.

Sliding 5th Wheel

An adjustable coupling mechanism on a semi-trailer that allows for the repositioning of the trailer's weight distribution.

Affects

Refers to the emotional or psychological impact or influence something has on a person's feelings or emotions.