Which statement regarding the Efficient Markets Hypothesis is TRUE?

Select one:

a. The Efficient Markets Hypothesis suggests that markets do not price stocks fairly; thus the ordinary investor can find undervalued stocks by reading financial newspapers.

b. If weak-form market efficiency is true, as soon as any public or private information comes into being it is quickly incorporated into stock prices.

c. If semi strong-form market efficiency is true, as soon as any public information is made available, the stock price will quickly adjust for the new information.

d. If strong-form market efficiency is true, then Managers who trade on inside information can gain an advantage over the average investor, as stock prices would reflect all public but not inside information