Which one of the following supports the argument that financial markets are semistrong-form efficient?
A) Financial analysts gain a marketplace advantage by studying financial statements.
B) Only company insiders have a marketplace advantage.
C) Only historical information is reflected in the market prices of securities.
D) All information,public and private,is included in current market prices.
E) Technical analysis based on price patterns provides a marketplace advantage.
Correct Answer:
Verified
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