试题与答案

Which of the following statements about th

题型:单项选择题

题目:

Which of the following statements about the various tests of the efficient market hypothesis (EMH) is INCORRECT()

A. Tests of the semi-p form EMH give mixed results. Time-series tests such as dividend yield and default spread reject the semi-p form EMH while event studies of stock splits and announcements of accounting changes support it.

B. The superior historical performance of exchange specialists and corporate insiders rejects the semi-p form of the EMH.

C. The historical performance of professional money managers supports the semi-p form of the EMH.

答案:

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参考答案:B解析:Members who plan to engage in independent practice for compensation should not render services until receiving written consent from their employer.

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