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lythong266 lythong266
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A year ago
Assuming that markets are semistrong-form efficient, which of the following statements is correct?


▸

All stocks should have the same realized return.



▸

An individual who has information about past stock prices should be able to profit from this information.



▸

Investors’ expected rate of return should be lower than the returns that are predicted by the SML.



▸

Investors should expect to earn returns commensurate with risk, namely the returns predicted by the SML, but they should not expect to do any better or worse other than by chance.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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raouldukraoulduk
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A year ago
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lythong266 Author
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A year ago
Good timing, thanks!
Tim0301
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Yesterday
Thanks for your help!!
Lawson1981
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2 hours ago
This site is awesome
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