According to the efficient markets hypothesis, what is expected regarding stock prices?

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Stocks are generally priced above their true value.The stock market reflects all available information, causing prices to move unpredictably.Every statement listed here is correct.Using fundamental analysis consistently leads to higher investment returns.

Explanation

If markets are efficient, all known information is already incorporated into stock prices, making price changes random and unpredictable. Therefore, stock prices should follow a random walk, and it is unlikely that fundamental analysis can consistently outperform the market.