According to theory, studying historical prices in order to identify mispriced equities will not work in markets that are _____ eﬃcient.
I.weak form
II.semi-strong form
III.strong form
A)I only.
B)II only.
C)I and II only.
D)II and III only.
E)I, II, and III.

Question

Quizplus · Accepted Answer

In all forms of efficient markets (weak, semi-strong, and strong), historical price information is already reflected in current prices, making it ineffective to identify mispriced equities using past prices.

According to Theory, Studying Historical Prices in Order to Identify