Which of the following has NOT been involved in a direct test of the semi-strong form of the efficient market hypothesis?
A) stock splits
B) new Issues
C) exchange listing
D) accounting changes
E) NYSE specialists' returns

Question

Quizplus · Accepted Answer

NYSE specialists' returns have not been directly involved in a test of the semi-strong form of the efficient market hypothesis. The other options have all been tested in relation to the efficient market hypothesis.

Which of the Following Has NOT Been Involved in a Direct