Explain the argued of Eugene Fama regarding excess return

Explain the argued of Eugene Fama regarding excess return.

E

Expert

Verified

Fama argued that since there are many more active, intelligent and well-informed market participants’ securities will be priced to reflect all available information. Therefore was born the idea of the efficient market, one where this is impossible to beat that market.

   Related Questions in Financial Management

©TutorsGlobe All rights reserved 2022-2023.