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Based on the efficient market hypothesis, all "informed" investors will earn excess profits over the long-term. excess profits but only on short-term...

Based on the efficient market hypothesis, all “informed” investors will earnexcess profits over the long-term. excess profits but only on short-term investments. a return equal to the value they paid for an investment. a return that cannot be accurately predicted because investments are subject to the random movements of the markets.

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