Why do stock market events like october 1987 or the, Financial Management

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Why do stock market events like october 1987 or the

Why do stock market events like October 1987 or the technology crash of 2000dash–2001 cast doubt on the notion of a random walk?

A. Asset prices do reflect the true fundamental (intrinsic) value of securities

B. Stock market crashes are predictable

C. There may be unexploited profit opportunities in these events

D. Large swings in share prices are not possible in efficient markets

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