Which of the following statements about capital market efficiency is not correct? (a) If a stock market
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Which of the following statements about capital market efficiency is not correct?
(a) If a stock market is weak form efficient, chartists cannot make abnormal returns.
(b) If a stock market is strong form efficient, only people with insider information can make abnormal returns.
(c) In a semi-strong form efficient market, fundamental analysis will not bring abnormal returns.
(d) If a stock market is semi-strong form efficient, all past and current publicly available information is reflected in share prices.
(e) If a stock market is weak form efficient, all historical information about a share is reflected in its current market price.
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Related Book For
Corporate Finance Principles And Practice
ISBN: 9781292450940
9th Edition
Authors: Denzil Watson, Antony Head
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