单选题
Which of the following statements describes the overall conclusions regarding the weak-form of the efficient market hypothesis (EMH)?
A. All evidence indicates that simple trading rules generate positive abnormal returns.
B. Stock exchange specialists using monopolistic information contained in the limit order book derive above average returns.
C. Most evidence indicates that after incorporating trading costs, simple trading rules do not generate positive abnormal profits.
A
B
C
D
【正确答案】
C
【答案解析】
Positive returns cannot be obtained thru the use of simple trading rules, since this pertains to the weak-form EMH.
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