50、With respect to the three forms of the efficient market hypothesis (EMH), is the information set associated with the weak-form of the EMH best described as including all information associated with the:

      semistrong-form of the EMH?    strong-form of the EMH?

A.   No  No

B.    No  Yes

C.   Yes  No

D.   Yes  Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

答案和详解如下：

50、Correct answer is A

"Efficient Capital Markets," Frank K. Reilly and Keith C. Brown

2008 Modular Level I, Vol. 5, pp. 62-64

Study Session 13-54-a

define an efficient capital market and describe and contrast the three forms of the efficient market hypothesis (EMH)

The difference among the three forms of the EMH revolves around the information set included in each. The weak form includes public market information, the semistrong form includes all public information, and the strong form includes all public and private information.

appreciate