Cross-sectional returns studies contend th

问题单项选择题

Cross-sectional returns studies contend that:（）

A. all securities should have equal risk-adjusted returns because security prices should reflect all public information that would influence the security’s risk.

B. all securities should have equal risk-adjusted returns because security prices should not reflect all public information that would influence the security’s risk.

C. securities should not have equal risk-adjusted returns because security prices should not reflect all public information that would influence the security’s risk.

答案

参考答案：A

解析：

Cross-sectional returns studies contend that all securities should have equal risk-adjusted returns because security prices should reflect all public information that would influence the security’s risk.