Which of the following is NOT correct about market eﬃciency?
A) The EMH says that actual capital markets, such as the TSX, are eﬃcient.
B) Strong form eﬃciency says all information of any kind is reﬂected in stock prices.
C) Semi-strong form eﬃciency says all public and private information is reﬂected in stock prices.
D) Weak form eﬃciency says studying past prices in an attempt to identify mispriced stocks is futile.
E) The price a ﬁrm obtains when it sells its stock in an eﬃcient market is a fair price, in the sense that the price reﬂects available information about the stock.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is NOT correct about market eﬃciency?
A) The EMH says that actual capital markets, such as the TSX, are eﬃcient.
B) Strong form eﬃciency says all information of any kind is reﬂected in stock prices.
C) Semi-strong form eﬃciency says all public and private information is reﬂected in stock prices.
D) Weak form eﬃciency says studying past prices in an attempt to identify mispriced stocks is futile.
E) The price a ﬁrm obtains when it sells its stock in an eﬃcient market is a fair price, in the sense that the price reﬂects available information about the stock.

Which of the Following Is NOT Correct About Market Eﬃciency