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.作者: Bluetick1010 时间: 2011-7-13 16:34
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作者: amqata 时间: 2011-7-13 16:34
ha ok historical data is the key then; the III choice deals with futur major market event.
