Are financial markets highly efficient?
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38. Your full service stock broker would (assuming that he knows some finance):
prefer to have you think that financial markets are highly efficient
prefer to have you think that financial markets are inefficient
not care any whether you think financial markets are efficient or inefficient
prefer that you believe there is no way that a "January effect" could exist
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Solution Summary
Discuss that are financial markets are highly efficient or not.
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Answer: Prefer to have you think that financial markets are inefficient ...
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