An efficient market reflectsa) only historical information. b) only the information related to events that have already occurred. c) all publicly known information related to past events and announced future events. d) all information including predictions about future information.

The correct answer is option D.

Explanation:

The efficient market hypothesis is a theory in modern financial economics which states that the share prices reflect all available information and alpha generation is impossible. Neither fundamental nor technical analysis can give excess returns which are also risk-free.

Share prices in an efficient market reflect all the information, both public and private. This information includes future predictions. All this information is widely available to all the investors and they correctly interpret this information and quickly adjust to it.

answer; the nav calculated at the market close at 4: 00 pm new york time;

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;