pricing efficiency efficiency, sufficient, one, efficient

hardwork24

which one is least accurate about perfectly efficient pricing?

restrictions on short sales cause overvalued stocks to be relatively more common than undervalued stocks

arbitrage trading is characterized by too much capital chasing too few pricing inefficiencies, limiting the ability of arbitrage to bring about fully efficient prices

the returns to trading strategies based on analysis of new information must be sufficient to compensate for the time and effort required to analyze new information

they all sound so right...