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Basic Question 19 of 20
Tests of the strong form of the EMH suggest that ______
B. corporate insiders and stock exchange specialists may possess knowledge allowing them to earn above-average risk-adjusted returns.
C. most professional money managers earn above-average risk-adjusted returns.
D. only those engaging in insider trading consistently earn above-average risk-adjusted returns.
A. the EMH holds under all conditions.
B. corporate insiders and stock exchange specialists may possess knowledge allowing them to earn above-average risk-adjusted returns.
C. most professional money managers earn above-average risk-adjusted returns.
D. only those engaging in insider trading consistently earn above-average risk-adjusted returns.
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | Weak support for strong form. |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe market anomalies
CFA® 2025 Level I Curriculum, Volume 3, Module 3.