Multiple Choice
Which one of the following statements is correct concerning market efficiency?
A) Real asset markets are more efficient than financial markets.
B) If a market is efficient, arbitrage opportunities should be common.
C) In an efficient market, some market participants will have an advantage over others.
D) A firm will generally receive a fair price when it issues new shares of stock.
E) New information will gradually be reflected in a stock's price to avoid any sudden change in the price of the stock.
Correct Answer:

Verified
Correct Answer:
Verified
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