Empirical evidence shows that financial market price


Empirical evidence shows that financial market price movements are essentially random. This is evidence that:

A. Financial markets are reasonable efficient markets.

B. Financial markets are NOT efficient markets.

C. This is irrelevant evidence, because the randomness of market price movements is NOT related to the efficiency of financial markets.

D. None of the above.

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Financial Management: Empirical evidence shows that financial market price
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