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The strong-form of the efficient market hypothesis states that:

I. security prices reflect all publicly available information.
II. insider information contains no special advantage.
III. major market events can be predicted.

A. II only.
B. I and II.
C. I, II and III.

yeah I gave the same wrong answer; I do not really get the point qs to why III should be excluded.

If anyone can clarify; Thanks in advance

TOP

ha ok historical data is the key then; the III choice deals with futur major market event.

My mistake, thanks cfagoal !

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