Question: It has been argued that by the time financial statements are issued, the market price of shares already reflects the information contained in them; hence,

It has been argued that by the time are issued, the market price of shares already reflects the information contained in them; hence, accounting information is not relevant. The arguments for both debate teams should address all three forms of the EMH. Team Debate

Team 1: Present arguments that given the EMH, accounting information is relevant.

Team 2: Present arguments that given the EMH, accounting information is irrelevant.

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The three forms of the efficient market hypothesis EMH are the weak form the semistrong form and the strong form According to the weak form the historical price of a stock provides an unbiased estimat... View full answer

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