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If markets follow the semi-strong form of efficient market theory, which is true? (a) stock prices are randomly caused and do not react to new

If markets follow the semi-strong form of efficient market theory, which is true?

(a) stock prices are randomly caused and do not react to new information

(b) insiders will not be able to profit from private information

(c) a good stock analyst can beat the market using public information filed with the SEC

(d) none of the above

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