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(a) Assume that you have observed that the stock price of a company has risen steadily each day for the past 30 days. Can you
(a) Assume that you have observed that the stock price of a company has risen
steadily each day for the past 30 days. Can you consistently profit from this
and other similar observations:
(i) if the market is not weak form efficient?
(ii) if the market is weak form efficient but not semi-strong form efficient?
(iii) if the market is semi-strong form but not strong form efficient?
(iv) if the market is strong form efficient?
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