The Semi-Strong Form of Has Been Tested by Measuring How

question 49

Multiple Choice

The semi-strong form of has been tested by measuring how rapidly security prices react various news items like:
I. earnings announcements II) dividend announcements
III. news of takeovers
IV. macroeconomic information

• A) I and II only
• B) I, II and III only
• C) IV only
• D) I, II, III and IV

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Definitions:

Par Value

A terminology indicating the official value of a security as outlined in the document at the time of its issue.

Dividend

A distribution of earnings given by a company to its stockholders, typically from its profits.

Par Value

The face value of a bond or stock as stated by the issuing company, often the minimum amount the security can be sold for.

Stockholders' Equity

The value of a company divided among its shareholders, often represented as the difference between assets and liabilities.