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Use the following table to determine whether each scenario is representative of weak-form, semistrong form, or strong-form stock market efficiency. Stock Market Efficiency Type Weak-

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Use the following table to determine whether each scenario is representative of weak-form, semistrong form, or strong-form stock market efficiency. Stock Market Efficiency Type Weak- Semistrong- Strong- Scenario Form Form Form Raphael, a chief people officer of a public video game company, belleves that the firm will begin to gain customers due to several top secret product releases that he knows are going to be successful. As a result of gaining customers, Raphael believes that revenues will increase substantially over the next few years. Raphael decides to buy stock in the company in order to benefit from what he thinks will be a huge stock price Increase in the coming months. Unfortunately for Raphael, when the products release, the stock price remains where it was, despite the customer's love for the products. Megan notices that General Electric's stock is trading at $11.56 the day before it is scheduled to release its financial data for the quarter. Suppose CNN runs a news segment the night before General Electric plans to announce its financial data and claims that General Sectric has had an exceptional quarter due to their cost-cutting strategies, and as a result, Megan purchases a large amount of stock. Once trading opens the next day. General Electrie's stock rises to $13.54 but then fails to $9.64 once their financial announcement is made Larry notices Amazon's stock continuously decreases in value on Mondays and increases in value on Fridays. He thinks he can profit by purchasing the stock at the beginning of the week and selling it at the end of the week, but when he does, Amazon's stock does not actually increase on Friday

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