Examlex
Which of the following observations would provide evidence against the weak form of market efficiency?
Security Registration
The legal process through which securities are registered with relevant authorities before being offered to the public or placed on the market.
Best Efforts Basis
A best efforts basis is an agreement where an underwriter commits to sell as much of a new securities offering as possible, but not to buy any unsold securities.
Public Offering Price
The price at which new issues of stocks or bonds are offered to the public by an issuer for the first time.
Spread
The difference between two prices or rates, such as the bid and ask price of a stock, or the interest rates of two different investments.
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