With semistrong-form market efficiency,

A) the price of a security in the market reflects all public information only.
B) it would be possible to earn abnormally high returns by trading on public information.
C) investors who have access to inside or private information will be unable to earn abnormal returns.
D) None of the above.

Ans: A) the price of a security in the market reflects all public information only.

Business

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Under an exclusive agency agreement:

a. an owner may sell the property himself without liability for a commission to the broker b. an owner must pay a commission to the broker, no matter who sells the property c. an owner can sell the property to anyone the day after the listing expires, with no liability to the broker for commission. d. an owner can subsequently give another broker a listing (at any time), which would have the effect of canceling the original listing agreement

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