Moving to another question will save this response. Question 10 Which of the following describes the relation between financial statement analysis and market efficiency? All financial statement information is contained in price because U.S. capital markets are fully efficient. Because U.S. capital markets are inefficient, anomalies and mispricings allow investors to earn profits by trading on publicly available financial statement information U.S. capital markets are mostly efficient, but limits to arbitrage and information processing demands can create inefficiencies Because U.S. capital markets are mostly or fully efficient, anomalies and mispricings cannot persist indefinitely