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Which of the following statements is most correct? a. Semistrong-form market efficiency implies that all private and public information is rapidly incorporated into stock prices.
Which of the following statements is most correct?
a. Semistrong-form market efficiency implies that all private and public information is rapidly incorporated into stock prices. | ||
b. Market efficiency implies that all stocks should have the same expected return. | ||
c. Weak-form market efficiency implies that recent trends in stock prices would be of no use in selecting stocks. | ||
d. All of the answers above are correct. | ||
e. None of the answers above is correct. |
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