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Basic Question 8 of 14
The semi-strong form of the efficient market hypothesis asserts that stock prices ______
B. fully reflect all publicly available information.
C. fully reflect all relevant information including insider information.
D. may be predictable.
A. fully reflect all historical price information.
B. fully reflect all publicly available information.
C. fully reflect all relevant information including insider information.
D. may be predictable.
User Contributed Comments 4
| User | Comment |
|---|---|
| thekapila | It should be both A and B. As semi strong reflects weak form too. |
| tonypractice | no, A is incorrect - historical price info does not include ALL public availbale info [yesterday's stock price doesn't reflect today's negative earnings annoucement, for example] B, however, is correct - stock prices reflect all public available info...which includes historical price info! |
| mrushdi | THANKS TONY |
| johntan1979 | Exactly. Don't simply include and imply. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.