Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Find out more

Basic Question 7 of 14

Which of the following efficient market hypotheses maintains that all information is already impounded into the value of a security?

I. Weak form
II. Semi-strong form
III. Strong form
Check Answer Previous Q Next Q Print

User Contributed Comments 3

User Comment
Spawellian strong form efficient implies weak and semi hold also.
ilgibe The reverse doesn't hold.
johntan1979 Read the question carefully. "ALL INFORMATION". Although strong form INCLUDES semi-strong and weak, that doesn't mean the latter two applies to "ALL INFORMATION".
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

contrast weak-form, semi-strong-form, and strong-form market efficiency

explain the implications of each form of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management

CFA® 2024 Level I Curriculum, Volume 3, Module 3.