Correct answer = C
"Efficient Capital Markets," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 5, pp. 85-90
Study Session 13-54-c
explain the implications of stock market efficiency for technical analysis, fundamental analysis, the portfolio management process, the role of the portfolio manager, and the rationale for investing in index funds
The efficient market hypothesis implies that, to be successful, fundamental analysts must be able to both identify and predict variables that are relevant to the valuation process.
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发表于 2008-5-30 08:08
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