If the Efficient Market Hypothesis Holds,investors Should Expect

Multiple Choice

If the efficient market hypothesis holds,investors should expect:

A) to earn only a normal return.
B) to receive a fair price for their securities.
C) to always be able to pick stocks that will outperform the market averages.
D) Both to earn only a normal return; and to receive a fair price for their securities.
E) Both to receive a fair price for their securities; and to always be able to pick stocks that will outperform the market averages.