Question 12 Which of the following statements about the efficient market hypothesis is not correct? (a) If the stock market shows weak form efficiency, chartists who study the stock price trend based on the past stock price and volume will be made redundant (b) If the market is strong-form efficient, nobody can earn an abnormal return above the return on the market portfolio (c) In a semi-strong form efficient market, fundamental analyses based on the current published information about the stock might bring abnormal returns. (d) If the market is semi-strong form efficient, all past and current publicly available information are reflected in the share price