According to the strong form of the efficient market hypothesis, which investors should expect to earn abnormal returns?
A) Investors with superior analytic ability
B) Investors with access to nonpublic information
C) Investors with access to public and nonpublic information
D) No investors

Question

Quizplus · Accepted Answer

The strong form of the efficient market hypothesis posits that all information, both public and nonpublic, is fully reflected in stock prices, meaning no investor can consistently achieve abnormal returns.

According to the Strong Form of the Efficient Market Hypothesis