The following independent situations have occurred:

Required:
For each of the independent situations described above, determine with reasons whether the shares were exhibiting a weak, semi-strong, or strong form of efficiency.

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Share price at beginning of the day Share price began the day at $20.30 Situation Share price at end of the day Share price closed at The founding CEO has publicly announced she has just been diagnosed with a heart ailment. The founding CEO has publicly announced she has just been diagnosed witha heart ailment Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago. Analyst estimates for EPS were for $2.75. Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago, Analyst estimates for EPS$30.00 three days later were for $2.75 $18.75 Share price began the day at $20.30 Share price closed at $20.28 Share price began the day at $25.00 Share price closed at 25.03 Share price began the day at $25.00 Share price closed at $28.00 Share price began the day at $25.00 Share price closed at $28.00 today, $25.00 one day later, $22.00 two days later $26.00 four days later