Efficient Market Theory
Beginning of paper
: A Contradiction of Terms Daniel W. L. Wung Baker College Center for Graduate Studies
Table of Contents Table of Contents i Abstract 2 Discussion
References A-1
Abstract According to the Efficient Market Theory, it should be extremely difficult for an investor to develop a “system” that consi ....
Middle of paper
.... technology and market dynamics, the value of the normal investment stock at any given time accurately reflects the real value of that stock. The price for a stock reflects its actual underlying value, financial managers cannot time stock and bond sales to take advantage of “ insider” information, sales of stocks and bonds will not depress prices, and companies cannot “cook the books” to artificially manipulate stock and bond prices. However, information technology and market dynam ....
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Word count: 1263
Page count: 5 (approximately 250 words per page)
