Fig 1 Shows A Pneumatic Circuit Diagram Used For Air Supply And Exhaust In An Automatic Control System. (a) Name All The (incuding Pipelines) Used In The System. (b) Number The Ports Of Each DCV. (c) Classify The Sections Of The Components In The Circuit. (d) State How The System Works. (e) State The Functions Of Valves 1 And 2.

Fig 1 Shows A Pneumatic Circuit Diagram Used For Air Supply And Exhaust In 
An Automatic Control System. (a) Name All The (incuding Pipelines) Used In 
The System. (b) Number The Ports Of Each DCV. (c) Classify The Sections Of 
The Components In The Circuit. (d) State How The System Works. (e) State 
The Functions Of Valves 1 And 2.

Transcribed Text:Question: WHICH OF THE FOLLOWING IS TRUE WITH REGARDS TO THE…
A

WHICH OF THE FOLLOWING IS TRUE WITH REGARDS TO THE EFFICIENT MARKETS HYPOTHESIS?
A. THE EMH SUGGEST THAT THERE ARE MANY POSITIVE NPV INVESTMENTS AT LEAST ON AVERAGE.
B. THE EMH SUGGEST THAT THE PRICES ON THE NYSE ARE FAIR, ON AVERAGE.

C. THE EMH SUGGEST THAT MARKETS IN WHICH PRICES FLUCTUATE A GREAT DEAL CANNOT BE
EFFICIENT.

D. THE EMH ASSERTS THAT AT THE MARGIN INFORMATION HAS VALUE.
E. THE EMH REFERS TO POORLY-ORGANIZED CAPITAL MARKETS.

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Justification

© The rates in an efficient market must change in reply to new info.

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