________ means that the price of the security fully reflects all public information (which includes but is not limited to historical price and trading patterns).

Question

Quizplus · Accepted Answer

Semistrong-form efficiency posits that a security's price not only reflects all past public information (as in weak-form efficiency) but also all current public information. This means any publicly available information is already factored into the stock prices, making it impossible to achieve higher returns using this information.

________ Means That the Price of the Security Fully Reflects