|
Q5. Which of the following is least likely an assumption behind the semistrong-form of the efficient market hypothesis (EMH)?
A) The timing of news announcements are independent of each other.
B) A large number of profit-maximizing participants.
C) All information is cost-free and available to everyone at the same time.
Q6. The strong-form EMH goes beyond the semistrong-form in that it calls for:
A) cost free availability of all information, both public and private.
B) all non-market public information should be incorporated into security prices.
C) a large number of profit maximizing participants.
Q7. Which of the following forms of the EMH assumes that no group of investors has monopolistic access to relevant information?
A) Both weak and semistrong form.
B) Weak-form.
C) Strong-form.
Q8. The reaction of stock prices to the announcement of a stock split is covered by which form of the efficient market hypothesis (EMH)?
A) Semistrong.
B) Weak.
C) Strong.
Q9. The semi-strong form of the efficient market hypothesis (EMH) asserts that stock prices:
A) fully reflect all publicly available information.
B) fully reflect all historical price information.
C) fully reflect all relevant information including insider information.
| 
发表于 2009-3-2 13:15
| 
