Research on Semistrong Form Efficient Markets Indicates Which One of the Following

Multiple Choice

Research on semistrong form efficient markets indicates which one of the following is correct?

A) Identifying a stock with repetitive price movements is generally the best method of active investing.
B) Future returns on large company stocks tend to closely follow past pricing patterns.
C) Buying and holding a broad market index is one of the best investment strategies.
D) Predicting future stock prices is relatively easy for academic researchers.
E) Trading costs have little, if any, impact on investment returns.