CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

Which of the following statements most accurately describes the weak-form Efficient Market Hypothesis (EMH)? The weak-form EMH assumes that current security prices ______
A. adjust rapidly to the release of all public information; that is, security prices fully reflect all public information.
B. fully reflect all information from public and private sources.
C. fully reflect all security market information, including transactions by exchange specialists.
Explanation: The weak-form EMH assumes that current stock prices fully reflect all security market information, including transactions by exchange specialists.

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