Question

If the U.S. capital markets are not informationally efficient, ______.A. the markets cannot be allocationally efficientB. systematic risk does not matterC. no type of analysis can be used to generate abnormal returnsD. returns must follow a random walk

Answer 1

A. the markets cannot be allocationally efficient

Step-by-step explanation:

If the U.S. capital markets are not informationally efficient, the markets cannot be allocationally efficient