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Which of the following statements is (are) correct? a. If a market is semi-strong-form efficient, it is also strong-form efficient. b. If a market is
Which of the following statements is (are) correct?
a. If a market is semi-strong-form efficient, it is also strong-form efficient.
b. If a market is not strong-form efficient, it must be neither semi-strong- nor weak-form efficient.
c. If a market is weak-form efficient, it is also semi-strong-form and strong-form efficient.
d. If a market is not semi-strong-form efficient, it must also be not weak-form efficient.
e. If a market is not weak-form efficient, it must be neither semi-strong- nor strong-form efficient.
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