11.Rank fundamental analysts, technical analysts, and efficient market analysts in terms of how quickly they believe stock prices adjust to new information, from fastest to slowest.

A)   Efficient market analysts, fundamental analysts, technical analysts.

B)   Technical analysts, fundamental analysts, efficient market analysts.

C)   Efficient market analysts, technical analysts, fundamental analysts.

D)   Technical analysts, efficient market analysts, fundamental analysts.

12.Analysts who look for patterns and trends in security prices for buy and sell signals are called:

A)   technical analysts.

B)   fundamental analysts.

C)   signaling analysts.

D)   efficient market analysts.

13.Which of the following is NOT an underlying assumption of technical analysis?

A)   Markets are efficient and all known information is reflected in prices.

B)   Prices are determined by supply and demand

C)   Price movements can be attributed to changes in supply and demand for securities.

D)   Supply and demand for a stock is driven by rational and irrational behavior.

答案和详解如下：

11.Rank fundamental analysts, technical analysts, and efficient market analysts in terms of how quickly they believe stock prices adjust to new information, from fastest to slowest.

A)   Efficient market analysts, fundamental analysts, technical analysts.

B)   Technical analysts, fundamental analysts, efficient market analysts.

C)   Efficient market analysts, technical analysts, fundamental analysts.

D)   Technical analysts, efficient market analysts, fundamental analysts.

The correct answer was A)

The difference between fundamental analysts, technical analysts, and efficient market analysts is the speed at which these analysts believe news is impounded into prices. Technicians believe the reaction is slow, fundamentalists feel prices adjust quickly, and efficient market hypothesis analysts feel it happens almost instantaneously.

12.Analysts who look for patterns and trends in security prices for buy and sell signals are called:

A)   technical analysts.

B)   fundamental analysts.

C)   signaling analysts.

D)   efficient market analysts.

The correct answer was A)

Technical analysts look for patterns and trends in securities prices to determine when to buy or sell. The approach taken by technicians varies greatly from that of fundamentalists, who try to forecast value changes by analyzing expected risk and return data. Efficient market analysts feel all available information is immediately impounded in the current security price. Thus, any new information will cause instantaneous price adjustments.

13.Which of the following is NOT an underlying assumption of technical analysis?

A)   Markets are efficient and all known information is reflected in prices.

B)   Prices are determined by supply and demand

C)   Price movements can be attributed to changes in supply and demand for securities.

D)   Supply and demand for a stock is driven by rational and irrational behavior.

The correct answer was A)

For technical analysis to succeed, markets must have some inefficiency in order for trends to develop.