Which of the following tests are NOT used to examine the weak form of the efficient market hypothesis Those that examine:
A. whether security returns are independent over time.
B. a security’s return relative to the market return.
C. whether excess returns can be obtained from using mechanical trading rules.
查看答案
Which of the following statements about efficient markets and indexes is FALSE
An unweighted index assumes that investors make and maintain an equal dollar investment in each stock in the index.
B. External efficiency means prices adjust rapidly to new information.
C. Efficient markets tests have found that stocks with high price-to-earnings ratios (P/E) tend to outperform stocks with low P/E ratios.
A composite series of stocks and bonds makes it possible to:
A. examine the benefits of diversifying with a combination of asset classes such as stocks and bonds in addition to diversifying with the asset classes of stocks or bonds.
B. examine the correlation among the various asset classes of stocks or bonds.
C. examine the benefits of diversifying with a combination of asset classes such as stocks and bonds.
Which of the following statements is most accurate7 A continuous market most likely exists for a stock when:
A. numerous dealers are willing to make a market in the stock.
B. an overnight buildup of buy and sell orders for the stock occurs.
C. significant new information about the company is released to market participants.
If a firm announces an unexpectedly large cash dividend, the efficient market hypothesis (EMH) would predict which of the following price changes at the announcement
An abnormal price change to occur before the announcement.
B. An abnormal price change to occur at the time of the announcement.
C. A gradual price change to occur for several weeks after the announcement.
微信支付 
支付宝支付