Question: Show me the steps to solve be specific about only this quetion, 1 Which of the following statements about capital market efficiency is / are

Show me the steps to solve be specific about only this quetion, 1 Which of the following statements about capital market efficiency is/are correct?
I. Insider information cannot be used to make abnormal gains in a strong form efficient capital market
II. In a weak form efficient capital market, share prices react to new information the day after it is announced
III. Share prices reacts quickly and accurately to newly released information in a semi-strong form efficient capital market
a. I and II only
b. I and III only
c. III only
d. I, II, and III

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