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If the market is semistrong-form efficient, then which one of the following statements is true? A. Neither technical nor fundamental analysis leads to abnormal profits.
If the market is semistrong-form efficient, then which one of the following statements is true?
A. | Neither technical nor fundamental analysis leads to abnormal profits. | |
B. | Technical analysts have the ability to earn excess profits but fundamental analysts cannot. | |
C. | Fundamental analysts can earn excess profits but technical analysts cannot. | |
D. | Both technical and fundamental analysts earn excess profits based on their research. | |
E. | No answer can be determined as the form of market efficiency is unrelated to abnormal, or excess returns. |
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