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abdallaex abdallaex
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4 months ago
What does the concept of an efficient market imply?

▸ All shares of stock have the same market beta.

▸ Stock prices do not fluctuate.

▸ Selecting stocks by throwing darts at a page of stocks will yield the same return as a carefully selected portfolio.

▸ Prices reflect all available information.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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harrison5692harrison5692
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4 months ago
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abdallaex Author
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4 months ago
Helped a lot
bioc
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Yesterday
Brilliant ツ
paulinaibarra98
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2 hours ago
Thank you, thank you, thank you!
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