According to the random walk theory
A. today's stock price will be related to yesterday's stock price.
B. stock prices rise and fall in predictable cycles that correspond with the overall business cycle.
C. successive prices of a stock are independent of each other.
D. stock prices can easily be predicted for as much as 52 weeks into the future.
Answer: C
Economics
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Indicate whether the statement is true or false
Economics
Lee earns more than does Pat. Which of the following can explain why?
A) Pat is discriminated against. B) Lee has more human capital. C) Lee has a greater degree of specialization in earning an income. D) All of the above could be a factor leading to the wage difference.
Economics