While Eating in an Exclusive Restaurant in New York City

While eating in an exclusive restaurant in New York City, you overhear two executives negotiating a merger. When you check the news about the two companies after lunch you find there is no public
Information about any merger. Thus, you buy shares of stock in both firms and make a killing when
The merger is announced publicly two days later. This is a violation of ______________ market
Efficiency.

A) weak form
B) semi-weak form
C) semi-strong form
D) strong form
E) TSX stock