According, to the efficient markets hypothesis, a. changes in stock prices are impossible to predict from public information. b. excessive diversification can reduce an investor’s expected portfolio returns. c. the stock market moves based on the changing animal spirits of investors. d. actively managed mutual funds should give higher returns than index funds.
Principles of Macroeconomics (Mind...
Principles of Macroeconomics (Mind...
According, to the efficient markets hypothesis,
a. changes in stock prices are impossible to predict from public information.
b. excessive diversification can reduce an investor’s expected portfolio returns.
c. the stock market moves based on the changing animal spirits of investors.
d. actively managed mutual funds should give higher returns than index funds.
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