Which of the Following Statements About the Semi-Strong Form of Market

Multiple Choice

Which of the following statements about the semi-strong form of market efficiency is not correct:

A) Share prices would adjust more rapidly to information presented in financial statements than in the notes.
B) All information is assumed to be available free of cost to all market participants.
C) There are no differences in the assessment of the implications of new information for the valuation of shares.
D) Transaction costs in trading securities are assumed to be nil.