Question: Question 4 ( 1 0 points ) TRUE or FALSE? Provide a brief explanation for your answer. a . If markets are efficient in the
Question points
TRUE or FALSE? Provide a brief explanation for your answer.
a If markets are efficient in the semistrong form, then market prices reflect all information in past
prices and in company financial statements but not information in financial news reports.
b Strongform 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 Weakform market efficiency implies that trading strategies based on technical analysis of past
pricesreturns can never outperform the market.
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