The strong-form efficient market implies that:
A)no investors can consistently beat the market
B)stock prices reflect all public and private knowledge
C)even corporate officers and insiders cannot earn above-average,risk-adjusted profits
D)more than one of the above

Question

Quizplus · Accepted Answer

The strong-form efficient market implies all three options, that is, no investors can consistently beat the market, stock prices reflect all public and private knowledge and even corporate officers and insiders cannot earn above-average, risk-adjusted profits.

The Strong-Form Efficient Market Implies That