sive Exam

Final Exam $-1$ ATTEMPT ONLY

$1$:$20$:$08$ remaining

Question $22(0\mathrm{.}8$ points$)$

Mann is a chemist for ABC, a major drug manufacturer. Mann can earn excess profits by trading ABC stock based on the knowledge he has related to his experiments if the financial markets are:

semistrong form efficient.

strong form efficient.

experimental form efficient.

efficient at any level.