In the _(i)_ of the efficient market hypothesis (EMH), a security’s price reflects all publicly available information.
In the __(ii)_ form of the EMH, a security’s price reflects all information that may be contained in the historical prices of a security. In the _(iii)_ of the EMH, a security’s price reflects all information, whether it is public information or information held privately.
(i) (ii) (iii)
a. weak semistrong strong
b. strong semistrong weak
c. weak strong semistrong
d. semistrong strong weak
e. semistrong weak strong
ANSWER
E
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