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Dec 2010 Q4 d

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Dec 2010 Q4 d

  • This topic has 4 replies, 2 voices, and was last updated 9 years ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • December 7, 2015 at 12:33 pm #288467
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Hi sir,
    I have trouble understanding ” in a semi strong form efficient market, information available to directors is more substantial than that available to shareholders.” I just wonder the reason.

    December 7, 2015 at 12:42 pm #288471
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    I also wonder the reason why SEMI STRONG market is mentioned here rather than other form.

    December 7, 2015 at 12:47 pm #288475
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    The directors will have (for example) knowledge of future plans and access to budgets for the future, that shareholders do not have.

    Semi-strong is the most commonly mentioned because that is the level of efficiency that is assumed to be the case currently in most developed stock exchanges.

    December 7, 2015 at 12:53 pm #288478
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Thanks

    December 7, 2015 at 4:24 pm #288568
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    You are welcome 🙂

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