63. Weak form market efficiency states that the value of a security is based on b. historical information only d. random information with no clear distinction as to the source of that information c. all publicly available information a. only private information
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Weak form market efficiency states that all past market data (like historical prices and trading volume) is already reflected in current prices. Therefore, technical analysis (which uses past data to predict future prices) is not useful. Show more…
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