Available Evidence Indicates That Stock Prices, Even If Not Exactly

question 24

True/False

Available evidence indicates that stock prices, even if not exactly a random walk, are very close to a random walk.

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Definitions:

Reasonable Time

A period of time that is legally accepted as sufficient or suitable under the circumstances.

Demand Instrument

A financial document that requires payment to the holder on demand or at a pre-defined time.

Secondary Party

An individual or entity indirectly involved in a legal agreement or crime, not the principal actor or participant.

Unconditional Promise

A commitment that does not depend on any conditions to be fulfilled; it is absolute and unequivocal.