The Semistrong Form of the Efficient Market Hypothesis Maintains All

Multiple Choice

The semistrong form of the efficient market hypothesis maintains all of the following, except that:

A) there is no learning lag in the distribution of public information.
B) all public information is immediately impounded into the value of a security.
C) technical analysis is helpful in determining whether a stock is overvalued or undervalued.
D) fundamental analysis cannot outperform the market.