Which one of the following statements is NOT true?
A) Weak-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
B) Semi-strong form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
C) Strong-form market efficiency implies that investors who have access to inside or private information will be able to earn abnormal returns.
D) None of the above.

Question

Quizplus · Accepted Answer

Strong-form market efficiency suggests that all information, including inside or private information, is already reflected in stock prices, so no one can earn abnormal returns.

Which One of the Following Statements Is NOT True