Which of the following statements is CORRECT?

a). If a market is strong-form efficient, this implies that the returns on bonds and stocks should be identical. b). If a market is weak-form efficient, this implies that above-average returns can not be achieved by focusing on past movement of stock prices. c). If your uncle earned a higher return on his portfolio over a 10-year period than the return on the overall stock market, this would demonstrate that the stock market is inefficient. d). Because of increased globalization, all of the worlds stock markets are equally efficient as that term is defined in the text. e). If a market is semi-strong-form efficient, this implies that above-average returns can be achieved by analyzing publicly available data because such information is not always completely reflected in stock prices