The given statement " an efficient market absorbs new information immediately, thereby making it very difficult to detect undervalued stocks and to beat the market consistently" is true.
Because an efficient market absorbs new information immediately, thereby making it very difficult to detect undervalued stocks and to beat the market.
Market refers to the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another.
Information is stimuli that has meaning in some context for its receiver. When information is entered into and stored in a computer
Stocks are shares in the ownership of a company, or investments on which a fixed amount of interest will be paid.
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