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Basic Question 1 of 14
Which of the following statements is (are) true if the efficient market hypothesis holds?
B. It implies the market is irrational and prices follow a particular pattern.
C. It implies that prices reflect all available information.
A. It implies perfect forecasting ability.
B. It implies the market is irrational and prices follow a particular pattern.
C. It implies that prices reflect all available information.
User Contributed Comments 2
| User | Comment |
|---|---|
| chenyx | EMH does not assume that market participants correctly adjust prices,just that their price adjustments are unbiased |
| chezyfive | I guess this is straight forward enoungh! |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2025 Level I Curriculum, Volume 2, Module 7.