1.What is the general relationship between risk and return?

Greater expected risk merits greater expected return

Lower expected risk merits lower expected return

No expected risk merits risk-free expected return

All of the above

2. Strong form efficiency describes a market in which:

the history of prices can be used to predict future prices

prices already reflect only the information contained in past prices

prices reflect all publicly available information, including historical prices

prices incorporate all available public and private information, including historical prices