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Which of the following is a tenet of strong-form efficiency? Future prices cannot be predicted based on past prices. Some forms of technical analysis techniques

Which of the following is a tenet of strong-form efficiency?

Future prices cannot be predicted based on past prices.

Some forms of technical analysis techniques can be useful for producing excess returns.

Share prices respond immediately to all information, whether public or private.

Investors can use the past prices of securities to predict their future prices.

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