The Efficient Markets Hypothesis Implies That

The efficient markets hypothesis implies that:

A) it is easy to earn above market rates of return using the appropriate investment strategies at the right time.
B) investors don't make mistakes when determining when to buy and sell stocks.
C) it is not possible to systematically pick stocks that outperform the market.
D) stock prices are never too high or too low; they always accurately reflect the underlying value of the company.

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