What is meant by informational efficiency, and how does it affect the price of a stock?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section14.3: Use The Internet To Evaluate And Select Stocks
Problem 4CC
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What is meant by informational efficiency, and how does it affect the price of a stock?
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