Multiple Choice
The "random walk" theory
A) has been widely used by stock brokers to advise clients about stock purchases.
B) implies that stock prices can easily be predicted by stock analysts.
C) implies that rumors, news, and other "signals" have an effect on stock prices.
D) implies that a stock's past performance is an excellent predictor of its future performance.
Correct Answer:
Verified
Correct Answer:
Verified
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