问题如下:
For a fundamental analyst who uses publicly available information to detect mispricing, what is his assumption about the market efficiency?
选项:
A.The market is weak-form inefficient.
B.The market is semi-strong-form efficient.
C.The market is semi-strong-form inefficient.
解释:
C is correct.
According to semi-strong-form efficient hypothesis, investors are not able to earn abnormal returns by using publicly available information. So the analyst believes that the market is semi-strong-form inefficient if he uses fundamental analysis.
选项A为什么不对