試題詳解

複選題
6. Professor Samuel hopes the capital market is an efficient capital market. Which of following(s) is a correct statement of the efficient market hypothesis (EMH).
(A) EMH implies that uninformed investors cannot earn positive return in the capital market
(B) EMH implies that uninformed investors can earn positive abnormal retum in the capital market
(C) The assu umed information set of a strong form of EMH is larger that of a weak form of EMH.
(D) The assumed information set of a semi-strong form of EMH is larger that of a weak form of EMH.
(E) Semi-strong forn of EMH implies that a randomn selected portfolio earns statistically similar retums as a professional managed fund, where the fund managers do not have inside information.