The Efficient Markets Hypothesis (EMH)

The efficient markets hypothesis (EMH) :

A) acknowledges that some fairly sizeable inefficiencies will exist even in efficient markets,but only over the long-term
B) argues that markets which fluctuate noticeably from one day to the next cannot be efficient
C) suggests that an efficient market incorporates only about 90 per cent of all public information into the market prices
D) advocates that all investments in an efficient market have a net present value of zero
E) argues that market prices rarely reflect the true value of a security