- CFA Exams
- CFA Exam: Level I 2021
- 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 |
|---|---|
| janglejuic | If this bs theory applied to the real world then it would be a really boring world |
| Antoinepo | calm down |