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The Difference Between a Random Walk and a Submartingale Is

Question 17

Multiple Choice

The difference between a random walk and a submartingale is the expected price change in a random walk is ______, and the expected price change for a submartingale is ______.


A) positive; zero
B) positive; positive
C) positive; negative
D) zero; positive
E) zero; zero

Correct Answer:

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