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Dan is a chemist for ABC, a major drug manufacturer. Dan cannot earn excess profits on ABC stock based on the knowledge he has related

Dan is a chemist for ABC, a major drug manufacturer. Dan cannot earn excess profits on ABC stock based on the knowledge he has related to his experiments if the financial markets are:

Multiple Choice

efficient at any level.

aware that the trader is an insider.

weak form efficient.

semistrong form efficient.

strong form efficient.

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