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abdallaex abdallaex
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A month 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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A month ago
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abdallaex Author
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A month ago
Thanks
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Brilliant
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Good timing, thanks!
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