________ Means That the Price of the Security Fully Reflects

question 17

Multiple Choice

________ means that the price of the security fully reflects all public information (which includes but is not limited to historical price and trading patterns) .

• A) Weak-form efficiency
• B) Semistrong-weak efficiency
• C) Semistrong-form efficiency
• D) Strong-form efficiency

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Definitions:

Endorsed

Endorsed refers to the approval or support, often given formally or officially to signify agreement with or sanction of something.

Full Endorsement

A signature on the back of a negotiable instrument, such as a check, that specifies the person to whom the instrument is to be paid, transferring ownership.

Blank Endorsement

Blank Endorsement is a signature on a financial instrument, such as a check, without designating a payee, making it payable to the bearer.

Drawer

In accounting, the entity (person or organization) that issues or writes a bill of exchange, check, or draft, instructing another entity to pay.