In an Efficient Market

Multiple Choice

In an efficient market,

A) security prices react quickly to new information.
B) security prices are seldom far above or below their justified levels.
C) security analysis will not enable investors to realize superior returns consistently.
D) one cannot make money.
E) security prices react quickly to new information, security prices are seldom far above or below their justified levels, and security analysis will not enable investors to realize superior returns consistently.