"Efficient Market: The market in which the price for any security effectively represents the expected net present value of all future profits.Buying or selling the stock should, on average, return you only a fair measure of return for the associated risk. Issues in Efficient Market - Markets respond to new information - Possible to distinction for a decision between a profitable and unprofitable investment given current information - Types of Efficiency: Operational efficiency, Informational efficiency (efficient market hypothesis). Source: http://in.docsity.com/en-docs/Efficient_Market_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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