Chapter 14, Problem 3QAP

a.

Summary Introduction

Adequate information:

In the given graph, Time 0 is the date of an event.

To determine: Whether the result of the study support, reject or are inconclusive about the semi strong form of the efficient market hypothesis.

Introduction: Efficient market hypothesis states that the market is efficient and the stock price reflects all the information in the market.

b

Summary Introduction

Adequate information:

In the given graph, Time 0 is the date of an event.

To determine: Whether the result of the study support, reject or are inconclusive about the semi-strong form of the efficient market hypothesis.

Introduction: Efficient market hypothesis states that the market is efficient and the stock price reflects all the information in the market.

c.

Summary Introduction

Adequate information:

In the given graph, Time 0 is the date of an event.

To determine: Whether the result of the study support, reject or are inconclusive about the semi strong form of the efficient market hypothesis.

Introduction: Efficient market hypothesis states that the market is efficient and the stock price reflects all the information in the market.

d.

Summary Introduction

Adequate information:

In the given graph, Time 0 is the date of an event.

To determine: Whether the result of the study support, reject or are inconclusive about the semi strong form of the efficient market hypothesis.

Introduction: Efficient market hypothesis states that the market is efficient and the stock price reflects all the information in the market.