In order to test the strong form of market efficiency,researchers have examined the:
I.recommendations of professional security analysts;
II.performance of mutual funds;
III.performance of pension funds
A)I only
B)I and II only
C)I,II,and III
D)II and III only

Question

Quizplus · Accepted Answer

The strong form of market efficiency suggests that all information, public and private, is reflected in stock prices. Researchers examine the recommendations of professional security analysts, and the performance of mutual and pension funds to test if these entities, which may have access to private information, can consistently outperform the market.

In Order to Test the Strong Form of Market Efficiency,researchers