Which one of the following statements is NOT true?
A) Weak-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
B) Semistrong-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
C) Strong-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
D) None of the above.
Answer: C) Strong-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
You might also like to view...
Which class of stock entitles its owner to special options relating either to dividends or to the distribution of assets?
A) preferred stock B) privileged stock C) common stock D) limited stock
Compare and contrast the personality traits of extraversion and introversion
What will be an ideal response?