Ch$.10$: Efficient Market Hypothesis

Bill is a seasoned sell$-$side chemical analyst at the asset management firm, OrangeCone. Prior to working on the buy$-$side, Bill worked at major chemical firms like Dow, DuPont, and Westlake. Bill has a PhD in Chemistry from UWM. Bill cannot earn excess profits on stock of the chemical company, Tronox, based on his superior financial knowledge and understanding of chemistry and the chemicals industry if the financial markets are:

Group of answer choices

compliant with CAPM.

efficient at any level.

in contango.

weak form efficient.

backwardated.

semistrong form efficient.