Multiple Choice
The market price of a stock tends to fluctuate throughout every trading day.This fluctuation is:
A) inconsistent with the semistrong form of the efficient market hypothesis because prices should be stable.
B) inconsistent with the weak form of the efficient market hypothesis because all past information should already be included in the price.
C) consistent with the semistrong form of the efficient market hypothesis because daily prices should adjust as new information becomes available.
D) consistent with the strong form of market efficiency because prices are controlled by insiders.
E) a strong indicator that abnormal profits can be realized.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: Which one of these is the best
Q32: Stock market events in 1929,1987,and 2008 are
Q33: Assume the price of a stock rises
Q34: Assume today is an earnings announcement day
Q35: The form of market efficiency that only
Q37: Which term best applies to the situation
Q38: An investor discovers that for a certain
Q39: An overconfident investor will tend to:<br>A)trade primarily
Q40: If the securities market is efficient,an investor
Q41: Serial correlation:<br>A)measures the relationship between the current