Efficient Stock Market Assignment | Homework For You |

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Efficient Stock Market Assignment | Homework For You |

Which one of the following is most indicative of a totally efficient stock market?

a) Positive net present values on stock investments over the long-term

b) Arbitrage opportunities which develop on a routine basis

c) Realizing negative returns on a routine basis

d) Zero net present values for all stock investments

e) Extraordinary returns earned on a routine basis
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