The theory of efficient markets means
A) Professional fund managers should be able to consistently beat the market average.
B) A professional fund manager should really not expect to beat the market average consistently.
C) A professional fund manager who beats the market average one year should expected to beat the market average the next year.
D) A professional fund manager who beats the market average one year should be expected to not beat the market average the next year.
Correct Answer:
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