It May Be Argued That Share Prices on the Australian

question 37

Multiple Choice

It may be argued that share prices on the Australian Securities Exchange (ASX) reflect all publicly available,relevant information regarding listed companies,and therefore superior profits cannot be made by an investor using publicly available information.Based on the above contention,which of the following statements best describes the informational efficiency of the ASX?

• A) Strong-form efficiency.
• B) Semi-strong form efficiency.
• C) Weak-form efficiency.
• D) Random walk efficiency.

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