Which of the following statements most accurately describes the weak-form Efficient Market Hypothesis (EMH)? The weak-form EMH assumes that current security prices:
A. fully reflect all information from public and private sources.
B. fully reflect all security market information, including transactions by exchange specialists.
C. adjust rapidly to the release of all public information; that is, security prices fully reflect all public information.
Correct answer is B...but why? Why is C incorrect? does the weak form assume prices change slowly to release of public information? |