Please answer based on the chart and include all steps/formulas used to solve

Historical Public Private Weak $$$ $$$ Semi-strong Strong When would inside information not add value? a) Weak form efficient markets b) Semi-strong form efficient markets c) Strong form efficient markets d) It never adds value If you are analyzing and assessing the future performance of a stock, which form of market efficiency would give you the greatest opportunity to make money? a) Weak b) Semi-strong c) Strong d) It doesn't matter because you aced finance! Your gym friend constantly brags about how much money he makes in the market because of his inside connections. Knowing he can make money in this way, you determine the market is at best what form of efficiency? a) Weak b) Semi-strong c) Strong d) Inefficient