If the Efficient Market Hypothesis Holds, Investors Should Expect

If the efficient market hypothesis holds, investors should expect:

A) to earn only a supernormal return.
B) to receive a high price for their securities.
C) to always be able to pick stocks that will outperform the market averages.
D) to earn only a normal return; and to receive a fair price for their securities.
E) to receive a fair price for their securities; and to always be able to pick stocks that will outperform the market averages.