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6----The efficient market hypothesis holds that financial markets price assets at their intrinsic worth, given all available information. This hypothesis is a key assumption to

6----The efficient market hypothesis holds that financial markets price assets at their intrinsic worth, given all available information. This hypothesis is a key assumption to apply CAPM to estimate expected return of investment by passive investors. Which of the following forms of the efficient market hypothesis defines all available information as publicly announced (or available) one?

A) Weak

B) Semi-weak

C) Semi-strong

D) Strong

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