Multiple Choice
With regard to market efficiency,identify the INCORRECT statement.
A) Information is the central issue of the efficient markets concept.
B) The most stringent form of market efficiency is the strong form.
C) The efficient market concept does not require a perfect adjustment in price following new information.
D) Tests of the usefulness of price data are semi-strong form tests.
Correct Answer:
Verified
Correct Answer:
Verified
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