If markets were semi-strong form efficient,which of the following situations would yield abnormal returns?
A)Obtaining insider information.
B)Analysing a company's earnings report.
C)Identifying a pattern in a company's stock price.
D)None of the above would yield abnormal returns.

Question

Quizplus · Accepted Answer

In a semi-strong form efficient market, all publicly available information is already reflected in stock prices, so analyzing earnings reports or identifying patterns would not yield abnormal returns. However, insider information is not publicly available, so it could lead to abnormal returns.

If Markets Were Semi-Strong Form Efficient,which of the Following Situations