Which of the following is a feature of the 'Efficient Market Hypothesis' in its semi-strong form?
A. Prices reflect only past price information
B. Prices reflect all publicly available information
C. Prices reflect all information including private information
D. Prices do not reflect any information
Answer: Option B
Solution (By JKSSB Mock Tests)
The semi-strong form of the efficient market hypothesis asserts that stock prices adjust rapidly to all publicly available information, so that neither technical nor fundamental analysis can yield abnormal returns.
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