Which form of the efficient market hypothesis implies that security prices reflect only information contained in past prices?
A)Past form
B)Semistrong form
C)Hard form
D)Strong form
E)Weak form

Question

Quizplus · Accepted Answer

The weak form of the efficient market hypothesis implies that security prices reflect all information contained in past prices, and therefore, no one can earn abnormal returns by analyzing historical stock prices.

Which Form of the Efficient Market Hypothesis Implies That Security