The number and availability of discount brokers has grown rapidly since the mid -1970s. The efficient markets hypothesis predicts that people who use discount brokers
A) will likely earn lower returns than those who use full-service brokers.
B) will likely earn about the same as those who use full-service brokers, but will net more after brokerage commissions.
C) are going against evidence suggesting that full-service brokers can help outperform the market.
D) are likely to outperform the market by a wide margin.
Answer: B
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