(Q30 IN TYPE B) THE FORM OF MARKET EFFICIENCY THAT BEST DESCRIBES...

30. (Q30 in Type B) The form of market efficiency that best describes the inability of professional portfolio managers to outperform the market is: A) strong-form efficiency B) semi-strong form efficiency C) weak-form efficiency D) None of the above. All professional portfolio managers outperform the market. Solution: B (see text p.187-188)