Multiple Choice
An important lesson from the Black Monday Crash of 1987 and the tech crash of 2000 is that
A) factors other than market fundamentals affect stock prices.
B) the strong version of the efficient market hypothesis, that stock prices reflect the true fundamental value of securities, is correct.
C) market psychology has little if any effect on stock prices.
D) there is no such thing as a rational bubble.
Correct Answer:
Verified
Correct Answer:
Verified
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