If the weak form of market efficiency holds then:
I. Technical analysis is useless
II. Stock prices reflect information contained in past prices
III. Stock price changes follow a random walk
A) I only
B) I and II only
C) I, II, and III
D) I and III only
Correct Answer:
Verified
Q1: The statement that stock prices follow a
Q3: A small business is receiving a five-year
Q4: Stock price cycles or patterns self-destruct as
Q5: Financing decisions differ from investment decisions because:
I.
Q6: Different forms of market efficiency are:
I. Weak
Q7: The statement that stock prices follow a
Q8: If the capital markets are efficient, then
Q9: A random walk process consists of the
Q10: Weak form efficiency implies that past stock
Q11: A large firm is receiving a loan
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