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Unformatted text preview: make it as a question sentence now.) 3. What do you mean not efficient? Can you explain what the efficient market means? (Efficient market should be informationally efficiency, which means all the information are available for the participants in the market, and the participants can, according to the information, react as soon as possible. It means that in an efficient market, the market price should be very sensitive to the information; it will always change according the information. Since the fair market value changes all the time according to the situation, isnt that means it more efficient to the market? ) Here is the basic question I came up with. For each question, I will go further according to your answers....
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- Spring '11