2026年CFA一级市场有效性理论含解析.docxVIP

2026年CFA一级市场有效性理论含解析

考试时间：______分钟总分：______分姓名：______

一、选择题

1.AccordingtotheEfficientMarketHypothesis(EMH)initsweak-form,whichofthefollowingstatementsismostaccurate?

a)Allpublicinformationisalreadyreflectedinstockprices.

b)Stockpricesfollowarandomwalkandpastpricescannotpredictfutureprices.

c)Marketefficiencyissolelydeterminedbythespeedofinformationdissemination.

d)Technicalanalysiscanconsistentlygenerateabnormalreturns.

2.Whichofthefollowingactivitieswouldbeconsideredillegalinamarketoperatingunde