单选题
Which of the following statements about the implications of tests for
the efficient market hypothesis (EMH) is least accurate?
A. By purchasing an index fund, an investor can match the market return and
minimize costs.
B. Other than corporate insiders and market specialists, most traders have
monopolistic access to information, which rejects the strong-form EMH.
C. The best way to measure the performance of investments professionals is
against a randomly selected buy-hold strategy of stocks (assuming the same risk
level).
【正确答案】
B
【答案解析】Other than corporate insiders and market specialists, no other group has monopolistic access to information, which supports the strong-form EMH. The other statements are true.