单选题
Which form (s) of the efficient market hypothesis (EMH) is/are tested
by measuring a security's excess returns with respect to market returns while
considering the security's market risk?
A. Weak-form.
B. Semi-strong form.
C. Strong-form.
【正确答案】
B
【答案解析】One set of tests for the semi-strong form of the EMH examines security performance adjusted for market risk.