The performance of four major groups of investors has been studied in connection with tests of the strong-form of the efficient market hypothesis. These include all of the following except
A) professional money managers.
B) stock exchange specialists.
C) securities exchange officers.
D) security analysts.
E) corporate insiders.

Question

Quizplus · Accepted Answer

The groups of investors studied in connection with tests of the strong-form of the efficient market hypothesis include professional money managers, stock exchange specialists, security analysts, and corporate insiders. Securities exchange officers are not typically considered investors and thus are not part of these studies.

The Performance of Four Major Groups of Investors Has Been