Which of the following is a statement of semi-strong form efficiency?
I. If the markets are efficient in the semi-strong form then prices will adjust immediately to public information
II. If the markets are efficient in the semi-strong form then prices reflect all information
III. If the markets are efficient in the semi-strong form then prices will adjust to newly published information after a long time delay
A) I only
B) II only
C) II and III only
D) III only

Question

Quizplus · Accepted Answer

The semi-strong form of market efficiency states that prices adjust immediately to all publicly available information, which is described in statement I.

Which of the Following Is a Statement of Semi-Strong Form