FIN 351 TEXT QUIZ CHAPTER 10

91 The strong form of the efficient market hypothesis states that
A A market is more than highly efficient it is actually perfect
B. It is easy to beat the market
C. Mutual fund mangers are superior performers
D. None of the above
92. Research on the strong form shows that _______ are able to achieve superior returns.
A. Members of the SEC
B. Corporate insiders and public officials
C. Market specialists and corporate insiders
D. The majority of professional mutual fund managers
93. The semi-strong form of the efficient market hypothesis maintains that:
A. All public and private information is already impounded into the value of A security
B. There is no relationship between past and future prices
C. All public information is already impounded into the value of a security
D. Insider information is immediately impounded into the value of a security
94. The three forms of the efficient market hypothesis (not in any particular order) are stated as:
A. Weak, semi-strong and superior
B. Weak, normal, and strong
C. Semi-strong, weak and strong
D. Semi-strong, normal and superior
95. The semi-strong form of the efficient market hypothesis says that investors are not able to use
_____________ information for their gain.
A. Public
B. Insider
C. Charting
D. Leading indicators