Regarding the efficient market hypothesis

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Which of the following is true regarding the efficient market hypothesis?

a) It argues that efficient markets are not volatile throughout a trading day.

b) It suggests that an efficient market can only consider historical information when determining current security prices.

c) It proves that market inefficiencies do not exist in either the short-run or the long-run.

d) It implies that all investments in an efficient market have a net present value of zero.

Reference no: EM13129569

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