When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __________. Now, these random price movements are believed to be _________.

Question

TuteeHUB · Accepted Answer

efficient; the effect of an inefficient market

TuteeHUB · Answer

inefficient; the effect of a well-functioning market

TuteeHUB · Answer

inefficient; the effect of an inefficient market

TuteeHUB · Answer

efficient; the effect of a well-functioning market

1.	When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __________. Now, these random price movements are believed to be _________.
A.	inefficient; the effect of a well-functioning market
B.	efficient; the effect of an inefficient market
C.	inefficient; the effect of an inefficient market
D.	efficient; the effect of a well-functioning market
Answer» B. efficient; the effect of an inefficient market

When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __. Now, these random price movements are believed to be _.

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