2025年CFA一级市场有效性练习题.docxVIP

2025年CFA一级市场有效性练习题

考试时间：______分钟总分：______分姓名：______

一、

1.AccordingtotheEfficientMarketHypothesis(EMH),whichofthefollowingstatementsismostaccurateregardingstockprices?

a.Pricesreflectonlyfundamentalcompanyvalues.

b.Pastpricemovementscontainnoinformationusefulforpredictingfuturemovements.

c.Technicalanalysiscanconsistentlygenerateabnormalreturns.

d.Marketparticipantsarealwaysrationalandactintheirbestinterestwithoutmakingerrors.

2.WhichofthefollowingisconsideredastrongformoftheEfficientMarketHypothesis