Fama (1970) outlines the sufficient conditions in order for all shareholders to agree about the exact nature of uncertainty.Which of the following statements is not one of the specified sufficient conditions?
A) There are no transaction costs in trading securities.
B) All agree on the implication of current information for the future price and distributions of future prices of each security.
C) All information is costlessly available to all market participants.
D) None of the given options.
Correct Answer:
Verified
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