Which of the following statements is $\underline{not}$ true regarding the efficient-markets hypothesis?

Question

Quizplus · Accepted Answer

The efficient-markets hypothesis assumes that all publicly available information is reflected in the market prices of publicly traded securities. This means that all investors have equal access to information and prices reflect this information accurately. As a result, there is no advantage to having more or less disclosure, and the choice among accounting alternatives does not affect market prices. The hypothesis does not state that the return of a security is based on its risk, but rather that the return is based on its expected return given its risk.

Which of the Following Statements Is not‾\underline{not}not​ True Regarding the Efficient-Markets Hypothesis? A)It Stems Primarily from the Efficient-Markets

Which of the Following Statements Is $\underline{not}$ True Regarding the Efficient-Markets Hypothesis?
A)It Stems Primarily from the Efficient-Markets