投资管理(investmentmanagement)第11章自测.docxVIP

精品文档 你我共享 Chapter 11 The Efficient Market Hypothesis MCQ 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. weak D. A, B, and C E. none of the above The semistrong form of EMH maintains that stock prices immediately reflect all historical and current public information, but not inside information. Difficulty: Easy When Maurice Kendall examined the patterns of stock returns