If the Market Is Semistrong-Form Efficient,then Which One of the Following

question 21

Multiple Choice

If the market is semistrong-form efficient,then which one of the following statements is true?

• A) Neither technical nor fundamental analysis leads to abnormal profits.
• B) Technical analysts have the ability to earn excess profits but fundamental analysts cannot.
• C) Fundamental analysts can earn excess profits but technical analysts cannot.
• D) Both technical and fundamental analysts earn excess profits based on their research.
• E) No answer can be determined as the form of market efficiency is unrelated to abnormal, or excess returns.

---

Definitions:

Ambulate

The ability to walk from place to place independently with or without assistance.

Treadmill

An exercise machine that allows one to walk or run in place, often used for fitness training or rehabilitation.

Repositioning

The act of moving or arranging someone or something into a different position, especially to improve comfort, effectiveness, or accuracy.

Assistive Devices

Tools, products, or types of equipment that are designed to help people perform tasks and activities they might otherwise be unable to undertake or to perform such tasks and activities more easily and safely.