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Which of the following statements regarding market efficiency is correct? Question 12 options: Semi-strong form of efficiency means security prices only reflect information found in
Which of the following statements regarding market efficiency is correct?
Question 12 options:
| Semi-strong form of efficiency means security prices only reflect information found in past prices. |
| If the market is strong form efficient, you cannot make abnormal returns using insider information. |
| Test of serial correlation of returns is used to test the semi-strong form of market efficiency. |
| In an efficient market all investors are rational |
| None of the above. |
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