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Suppose that you read an op-ed for the Wall Street Journal on insider trading. The author of the op-ed, Mr. White, argues that the Security
Suppose that you read an op-ed for the Wall Street Journal on insider trading. The author of the op-ed, Mr. White, argues that the Security Exchange Commission has been successful in preventing benefits from insider trading over the last decade. However, you disagree with Mr. White because you regularly witness that your board co- members at BUAD Inc. utilize their superior knowledge about the company's lucrative deals before the public is aware of them. Based on this information, which of the following statements is correct regarding financial markets over the last decade? A. Mr. White believes that markets are strong form efficient, while you believe they are at best semi strong form efficient. B. Mr. White and you agree that markets are strong form efficient. C. Mr. White believes that markets are at best semi strong form efficient, while you believe they are at best weak form efficient. Mr. White believes that markets are at best weak form efficient, while you believe they are strong form efficient. E. Mr. White and you agree that markets cannot even be weak form efficient
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