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Efficient Market Theory: A Contradiction Of Terms
Word count: 754 | Approximate pages: 3
Table of Contents
Table of Contents i
Abstract 2
Discussion 1-1
References A-1
Abstract
According to the Efficient Market Theory, it should be extremely difficult
for an investor to develop a "system" that consistently selects stocks that
exhibit higher than normal returns over a period of time. It should also
not be possible for a company to "cook the books" to misrepresent the value
of stocks and bonds. An analysis of current literature, however, indicates
that companies can and ....
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