Question 12

Which of the following statements about semi-strong market efficiency is generally true?

Group of answer choices

It is easy to forecast the direction of future security price changes in the short run

Average investors can use publically available information to earn extra returns

Aside from legal and ethical constraints, corporate CEOs can use inside information to earn excess returns

Security prices in less efficient markets will more rapidly reflect new information

Security analysts can use publicly available information to earn excess returns