The efficient markets hypothesis assumes all of the, Financial Management

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The efficient markets hypothesis assumes all of the

The efficient markets hypothesis assumes all of the following except:

A. the price of a stock always equals the best estimate of its value.

B. stock prices follow a random walk.

C. a stock's worth is the present value of expected dividends.

D. stock pickers can identify undervalued stocks.

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Financial Management: The efficient markets hypothesis assumes all of the

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Financial Management: The efficient markets hypothesis assumes all of the

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