If Security Markets Are Semistrong-Form Efficient, Investors Cannot Solely Use

question 3

Multiple Choice

If security markets are semistrong-form efficient, investors cannot solely use ____ to earn excess returns.

• A) previous price movements
• B) insider information
• C) publicly available information
• D) A and C

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, for the pleasure and satisfaction derived from the activities themselves, rather than for some external reward.

Affiliation

Describes a connection or association with a group, organization, or set of beliefs.

Intrinsic Motivation

The drive to engage in activities for their own sake, due to personal interest or enjoyment, rather than for external rewards.

Fulfilling Job

A job that provides satisfaction, a sense of achievement, and a feeling of making a meaningful contribution.