Chapter 16 Market Efficiency

(2) Operational efficiency means that efficient capital markets direct funds to their most productive use (3) Tests for semi-strong form efficiency focus on the speed and accuracy of share price responses to the arrival of new information A 1 and 2 only. B 1 and 3 only. C 2 and 3 only. D 1, 2 and 3 (ACCA F9 Financial Management June 2015) 2 ................
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