"Efficient Market Hypothesis - The current prices of securities reflect all information about the security (Random Walk Hypothesis) - New information regarding securities comes to the market in a random fashion - Profit-maximizing investors adjust security prices rapidly to reflect the effect of new information. The expected returns implicit in the current price of a security should reflect its risk (Fair Game Model). Source: http://in.docsity.com/en-docs/Efficient_Market_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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