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A Market for Securities in Which Information Is Quickly and Widely

question 9

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A market for securities in which information is quickly and widely disseminated, thereby allowing each security's price to adjust rapidly in an unbiased manner to new information so that the price reflects investment value is known as a(an) ____ efficient market.


Definitions:

Complement

In set theory, the complement of a set contains all elements not in the original set within a given universal set. In grammar, it is a word or phrase needed to complete the meaning of an expression.

Obverse

The counterpart or opposite in a relationship, often used in reference to geometric figures or logical propositions.

Proposition

A speech or affirmation that indicates an opinion or assessment, liable to be correct or incorrect.

Obverse

In logic, a method for transforming a proposition by negating both the predicate and the subject, and replacing the predicate with its complement.

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