How do you understand efficient market hypothesis(EMH), and why does it important?

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Finance

How do you understand efficient market hypothesis(EMH), and whydoes it important?

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Efficient Market Hypothesis assumes that the current price of security factors in all the information available and creating arbitrage opportunity is impossible and one cannot beat market returns There are 3 types of    See Answer
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How do you understand efficient market hypothesis(EMH), and whydoes it important?

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