Which of the following is NOT correct with regards to the Efficient Markets Hypothesis?
A) The EMH suggests that there are no positive NPV investments, on average.
B) The EMH asserts that information has been "priced out" of stocks.
C) The EMH refers to well-organized capital markets.
D) The EMH suggests that the prices on the TSX are fair, on average.
E) The EMH suggests that markets in which prices fluctuate a great deal cannot be efficient.
Correct Answer:
Verified
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