Question
Which of the following situations implies that the capital market likely achieves the strong form of market efficiency? Group of answer choices Share price incorporates
Which of the following situations implies that the capital market likely achieves the strong form of market efficiency?
Group of answer choices
Share price incorporates the information in a firm's' annual report quickly after the report is released.
Share price incorporates the information in a firm's' annual report gradually after the report is released.
Firm managers bought their own firms' shares and the share prices incorporated the information conveyed by insider trading immediately.
Firm managers bought their own firms' shares and the share prices incorporated the information conveyed by insider trading after public announcement of the insider trading.
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