CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

Which of the following efficient market hypotheses maintains that all information is already impounded into the value of a security?

I. Weak form
II. Semi-strong form
III. Strong form
Correct Answer: III

User Contributed Comments 3

User Comment
Spawellian strong form efficient implies weak and semi hold also.
ilgibe The reverse doesn't hold.
johntan1979 Read the question carefully. "ALL INFORMATION". Although strong form INCLUDES semi-strong and weak, that doesn't mean the latter two applies to "ALL INFORMATION".
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