If capital markets are efficient, then:
A) There is no reason to believe that prices are too high or too low.
B) It is not possible to make money by playing the stock market.
C) Prices will adjust slowly when reacting to new information.
D) Historical price trends will give you a good idea of where prices are headed in the future.
E) It is possible to profit regularly from publicly available information.
ANSWER
A
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