The efficient market hypothesis states that

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The efficient market hypothesis states that:

I. Stock markets reflect all available information about the value of stocks.

II. Changes in stock prices can be accurately predicted by investors.

III. Changes in stock prices are impossible to predict from available information.

A. I only

B. II only

C. I and II only

D. I and III only

 

E. II and III only

Reference no: EM13815075

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