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Question 21 . Strong form market efficiency states that the market incorporates all information in the stock price. Strong form efficiency implies that: 1) An
Question 21 . Strong form market efficiency states that the market incorporates all information in the stock price. Strong form efficiency implies that: 1) An investor can only earn risk-free rates of return; II) An investor can always rely on finding patterns in past stock prices; III) An insider or corporate officer cannot outperform the market by trading on the inside information. Il only a. b. lll only I, II, and III d. I only Il and 111 e. Question 22 According to the fundamental relationship of the balance sheet, the book value of equity MUST be equal to: a. Assets - Liabilities b. Liabilities/Assets Assets/Liabilities C. d. Shares outstanding * Price per share
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