If investors can consistently profit from thorough reading of published financial information,then the market can,at best,be characterized as:
A) weak-form efficient.
B) semistrong-form efficient.
C) strong-form efficient.
D) all of these.

Question

Quizplus · Accepted Answer

In a weak-form efficient market, all past trading information is already reflected in stock prices, but not necessarily all public information. If investors can profit from public financial information, the market is not semistrong-form efficient, which would incorporate all public information into stock prices.

If Investors Can Consistently Profit from Thorough Reading of Published