How efficient are capital markets?  Explain.

In preparation for this week’s discussion, students should read pages 335–341, chapter 12, in the course textbook.  They should also study a number of the academic articles relating to market efficiency that are identified in footnotes to this reading.

 

Question: How efficient are capital markets?  Explain.

 

Writing about 250 words with APA style if have references.

 

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