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Multiple Choice Questions
1. If you believe in the ________ form of the EMH, you believe that stock prices reflect all
relevant information including historical stock prices and current public information
about the firm, but not information that is available only to insiders.
A) semistrong
B) strong
C) wea
D) A, B, and C
E) none of the above
Answer: A Difficulty: Easy
Rationale: The semistrong form of EMH maintains that stock prices immediately reflect
all historical and current public
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