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The efficient market hypothesis suggests that _______. A. active portfolio management strategies are the most appropriate investment strategies B. passive portfolio management strategies are the most appropriate investment strategies C. either active or passive strategies may be appropriate, depending on the expected direction of the market D. a bottom-up approach is the most appropriate investment strategy

Respuesta :

Answer:

The correct answer is B

Explanation:

Efficient-market hypothesis (termed as EMH) is the hypothesis in the financial economics, which is defined as the assets prices reflect or represent all the available information.

This hypothesis also state the present stock prices which the best approximation of the intrinsic value of the company.

So, the EMH, states or suggest that the management of passive portfolio strategies or tool are best appropriate for the investment strategies or technique.

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