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Which of the following is not part of the theory of informational efficiency and the efficient markets hypothesis?
a all information relevant to the values of traded securities can be obtained easily and at low cost.
b buyers and sellers do not act rationally.
c current market prices reflect all publicly available information.
d the market contains many buyers and sellers.
e all information contained in past price movements is fully reflected in current prices.
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Which of the following is not part of the theory of informational efficiency and the efficient marke...
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