- CFA Exams
- CFA Level I Exam
- Study Session 12. Equity Investments (1)
- Reading 38. Market Efficiency
- Subject 1. The Concept of Market Efficiency
CFA Practice Question
In an efficient market, the market value and the intrinsic value of an asset should be ______.
B. substantially different
A. similar
B. substantially different
Correct Answer: A
User Contributed Comments 2
User | Comment |
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janglejuic | If this bs theory applied to the real world then it would be a really boring world |
Antoinepo | calm down |