Semistrong market efficiency is described in all of the following except:

a. ln a semistrong market, efforts to analyze financial market and financial statement data are futile.

b.An investor cannot achieve positive risk-adjusted returns on averages using fundamental analysis.

c. Higher growth than expected earnings announced by a company, results in an increase in the price of the shares weeks after such announcement.

Solutions

Expert Solution

C.Higher growth than expected earnings announced by a company, results in an increase in the price of the shares weeks after such announcement.

semi strong market efficiency provides for immediate change in price of shares after information is made public.

Options A and B do reflect semi strong market efficiency.

jeff jeffy answered 1 year ago

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