When Market Is Efficient in the Semi-Strong Form

question 16

Multiple Choice

When market is efficient in the semi-strong form:

• A) investors would be able to earn abnormal returns by using publicly available information.
• B) a security's price at a particular time fully reflects the information contained in its sequence of past prices.
• C) investors would be able to earn abnormal returns by trading on private information.
• D) a security's price at a particular time fully reflects both publicly and privately available information.

---

Definitions:

Interview End

The completion or conclusion of an interview process.

Nurse's Statement

A formal account or record made by a nurse, detailing observations and care provided to patients.

Open-Ended Questions

Questions that cannot be answered with a simple "yes" or "no," encouraging more detailed and informative responses.