According to Shleifer (2000) ,the theoretical foundation of the efficient markets hypothesis is:
A) the trades of irrational investors will be random and cancel each other out,leaving prices unaffected.
B) all securities will be priced rationally if markets are competitive.
C) the trades of irrational investors will be random and cancel each other out leaving prices unaffected and all securities will be priced rationally if markets are competitive.
D) none of the given options.
Correct Answer:
Verified
Q25: According to Brown,Finn and Hancock (1977),the highest
Q26: Which of the following statements is the
Q27: The area of behavioural finance suggests that
Q28: The January effect in Australia is explained
Q29: Easton (1991)examined the reaction to dividend and
Q31: An investor discovers that for a certain
Q32: An implication of the EMH for financial
Q33: A number of studies have found that
Q34: Which of the following statements is the
Q35: A company with a low book-to-market ratio
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents