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LOS a, (Part 2): Describe and contrast the three forms of the efficient market hypothesis (EMH).
Q1. The statement, "Stock prices fully reflect all information from public and private sources," can be attributed to which form of the efficient market hypothesis (EMH)?
A) Semistrong-form EMH.
B) Strong-form EMH.
C) Weak-form EMH.
Q2. The strong-form efficient market hypothesis (EMH) asserts that stock prices fully reflect which of the following types of information?
A) Public, private, and future.
B) Public and private.
C) Market.
Q3. The semi-strong form of efficient market hypothesis (EMH) asserts that:
A) both public and private information is already incorporated into security prices.
B) past and future prices exhibit little or no relationship to another.
C) all public information is already reflected in security prices.
Q4. Which of the following statements is INCORRECT?
A) The weak-form EMH suggests that fundamental analysis will not provide excess returns while the semi-strong form suggests that technical analysis cannot achieve excess returns.
B) The strong-form EMH assumes cost free availability of all information, both public and private.
C) The semi-strong form EMH addresses market and non-market public information.
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发表于 2009-3-2 13:13
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