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Semi-strong form efficiency can best be described as: A. ...

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Finance

Semi-strong form efficiency can best be described as:

A.

a market in which trading strategies based on past prices cannot earn abnormal profits.
B.

a market in which trading strategies based on all publicly available information cannot earn abnormal profits.
C.

the ability of investors to earn abnormal profits from the over-reaction of share prices to news.
D.

all information, public and private, is fully impounded in share prices.

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