emistrong form market efficiency states that the value of a security is based on: Multiple Choice all public and private information. historical information only. all publicly available information. all publicly available information plus any data that can be gathered from insider trading. random information with no clear distinction as to the source of that information.
Semistrong form
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all public and private information.
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historical information only.
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all publicly available information.
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all publicly available information plus any data that can be gathered from insider trading.
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random information with no clear distinction as to the source of that information.
Semistrong form market efficiency states that the value of a security is based on "All Publicly available information" Hence option 3rd is correct, It considered that technical and fundamental analysis has no use the only and only information which is available to all is neccesary for trading
First option is incorrect because private information is not accesible to all, hence it does not give any impact on security price.
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