If the markets are semi-strong form efficient, this means that:
A) prices follow a random walk.
B) prices reflect inside information.
C) financial managers cannot time the market for stock issuance.

Question

Quizplus · Accepted Answer

In semi-strong form efficient markets, all publicly available information is already reflected in stock prices, making it impossible for financial managers to time the market for stock issuance to exploit information asymmetries.

If the Markets Are Semi-Strong Form Efficient, This Means That