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Hi,
I want to check if my understanding is correct:
Weak form – reflects past information
Semi strong – reflects past and public information
Strong form – reflects past, public and private informationI was doing the MCQ questions on the opentution website:
The efficiency market hypothesis regards the level of efficiency where share prices reflect all information that is publicly available as which of the following?
I thought the answer would have been semi strong form because it reflects public information. However the answer is weak form.
Can you please clarify why this is weak form?
Thanks
I will check our test question because what you have written is correct and if the question is as you have typed then the answer should be semi-strong form.
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