QUESTIONS 79 THROUGH 90 RELATE TO EQUITY INVESTMENTS

88. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

88. After the public announcement of the merger of two firms an investor makes abnormal returns

by going long on the target firm and short on the acquiring firm. This most likely violates which form

of market efficiency?

A. Semi-strong form only

B. Weak and semi-strong forms

C. Semi-strong and strong forms