Multiple Choice
An investor who picks a portfolio by throwing darts at the financial pages:
A) believes that efficient markets will protect the portfolio from harm as all information is priced.
B) believes that riskier portfolios earn the same as less risky portfolios.
C) does so because stock prices do not matter; only cash flow generated matters.
D) Both A and C.
E) Both B and C.
Correct Answer:
Verified
Correct Answer:
Verified
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