1)The weak form of the efficient market theory contends thatSelect one:

A. any publicly available information is useless in predictingfuture price movements.

B. past performance can help determine the general direction offuture price movements.

C. past price performance is useless in predicting future pricemovements.

D. price movements are not random but follow a general trendover a period of time.

2)Which of the following beliefs would not precludecharting as a method of portfolio management?

Select one:

A. The market is weak-form efficient.

B. Stock prices follow recurring patterns.

C. The market is semistrong-form efficient.

D. The market is strong-form efficient.

3)If you believe in the ________ form of the EMH, you believethat stock prices reflect all publicly available information butnot information that is available only to insiders.

Select one:

A. weak

B. semistrong

C. strong

D. perfect

4)Most people would readily agree that the stock market isnot ________.

Select one:

A. weak-form efficient

B. efficient at all

C. semistrong-form efficient

D. strong-form efficient

5)________ is the return on a stock beyond what would bepredicted from market movements alone.

Select one:

A. An abnormal return

B. A normal return

C. None of these options

D. A subliminal return