The efficient market hypothesis asserts that because of quick and efficient dissemination of information, the prices of stocks reflect all publicly available information.

Question

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The efficient market hypothesis states that it is impossible to consistently achieve returns in excess of average market returns, because stocks always trade at their fair value on stock exchanges. This is due to the quick and efficient dissemination of all publicly available information, which is immediately reflected in stock prices.

The Efficient Market Hypothesis Asserts That Because of Quick and Efficient