单选题 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.
【正确答案】 A
【答案解析】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.