Question: Question 4 ( 1 0 points ) TRUE or FALSE? Provide a brief explanation for your answer. a . If markets are efficient in the

Question 4(10 points)
TRUE or FALSE? Provide a brief explanation for your answer.
a. If markets are efficient in the semi-strong form, then market prices reflect all information in past
prices and in company financial statements but not information in financial news reports.
b. Strong-form market efficiency requires that the market price be equal to true value at every
point in time.
c. If markets are efficient in the strong form, then market prices reflect all information in past
prices.
d. Weak-form market efficiency implies that trading strategies based on technical analysis of past
prices/returns can never outperform the market.
 Question 4(10 points) TRUE or FALSE? Provide a brief explanation for

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