Business, 29.05.2020 18:59, harleyloveless2853

The efficient-market hypothesis:a) has little empirical validity. b) implies that security prices properly reflect information available to investors and that active traders will find it difficult to outperform a buy-and-hold strategy. c) implies that security prices properly reflect information available to investors. d) has little empirical validity and implies that active traders will find it difficult to outperform a buy-and-hold strategy. e) implies that active traders will find it difficult to outperform a buy-and-hold strategy.

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The efficient-market hypothesis:a) has little empirical validity. b) implies that security prices pr...