CAS Exam 9 Spring 2018, Question 5
Study guide: Exam 9
Part a (0.5 points)
Briefly describe the difference between the semi-strong form and strong-form efficient market hypotheses.
Part b (0.75 points)
Describe a scenario with abnormal returns that would support the semi-strong form but not the strong-form efficient market hypothesis.
No current syllabus covers this question; it is kept for the record.
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