You observe that the senior management of a company has been buying a lot of the companys stock in the open market over the past week. Do profit opportunities exist from trading in the stock if the market is efficient in the semistrong form?

Select one: a. Profit opportunities do not exist from trading in the stock. b. Profit opportunities exist, but you can only gain enough to cover the cost of trading. c. Profit opportunities exist, but only for a short time period. d. Profit opportunities exist from trading in the stock. e. You need more information in order to answer this question.