[CFA level 1模拟真题]Version 2 Questions－Q42 efficient, technical, class, face, hypothesis

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Q42. The efficient market hypothesis implies that fundamental analysis:

A. can achieve superior returns by extrapolating historical data

B. Is inferior to technical analysis because fundamental analysis is not timely.

C. Requires the analysis to predict movements in relevant variables that affect rates of return.

D. Will be successful if transaction costs are minimized by focusing on a limited number of large-capitalization stock.

答案和详解如下：

Q42.  C    Study Session 13-57.c

The efficient market hypothesis implies that, to be successful, fundamental analysts must be able to both identify and predict variables that .are relevant to the valuation process.

vivian1022

d

shenyue

d

denker5781

?

jungle1009

see

technet

c

ondesert

c

47dx

d

ella_li

c

一只船

A