问题如下图：
选项：
A. 
B. 
C. 
解释：
请问老师，本题中如果是semi strong efficient，股价应该如何反应？
迅速调整到位而不是gradually吗？
NO.PZ2018062002000090 问题如下 Company A releaseits annureport to the public recently anits share prireacts graally to it. With respeto efficient markets, whiof the following statements about the market is correct? A.The market is subjeto behaviorbiases. B.The market is semi-strong-form efficient. C.The market receiveaitioninformation about the company. C is correct.The information from the annureport is alrea reflectein the stoprices if the markets are efficient. So the grachanges of the stoprices are not to the releasing of annureport but to aitioninformation.考点Efficient CapitMarket AnIts Forms这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。 earning surprise不就是说要逐渐反应吗？半强市场也是有效的
NO.PZ2018062002000090问题如下Company A releaseits annureport to the public recently anits share prireacts graally to it. With respeto efficient markets, whiof the following statements about the market is correct?A.The market is subjeto behaviorbiases.B.The market is semi-strong-form efficient.C.The market receiveaitioninformation about the company. C is correct.The information from the annureport is alrea reflectein the stoprices if the markets are efficient. So the grachanges of the stoprices are not to the releasing of annureport but to aitioninformation.考点Efficient CapitMarket AnIts Forms这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。 这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。这句话容易得出信息立即反应至价格，说明市场是有效的，但是明显错误。我的理解信息会影响价格，虽然很慢，但市场也是无效的
NO.PZ2018062002000090 问题如下 Company A releaseits annureport to the public recently anits share prireacts graally to it. With respeto efficient markets, whiof the following statements about the market is correct? A.The market is subjeto behaviorbiases. B.The market is semi-strong-form efficient. C.The market receiveaitioninformation about the company. C is correct.The information from the annureport is alrea reflectein the stoprices if the markets are efficient. So the grachanges of the stoprices are not to the releasing of annureport but to aitioninformation.考点Efficient CapitMarket AnIts Forms这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。 为什么不可以理解为有些investor有conservative biases，所以在财报公布后不能立即调整股价，需要一定时间慢慢调整到应有的股价
NO.PZ2018062002000090问题如下Company A releaseits annureport to the public recently anits share prireacts graally to it. With respeto efficient markets, whiof the following statements about the market is correct?A.The market is subjeto behaviorbiases.B.The market is semi-strong-form efficient.C.The market receiveaitioninformation about the company. C is correct.The information from the annureport is alrea reflectein the stoprices if the markets are efficient. So the grachanges of the stoprices are not to the releasing of annureport but to aitioninformation.考点Efficient CapitMarket AnIts Forms这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。 请问如果没有Graally B答案是对的吗？
NO.PZ2018062002000090 问题如下 Company A releaseits annureport to the public recently anits share prireacts graally to it. With respeto efficient markets, whiof the following statements about the market is correct? A.The market is subjeto behaviorbiases. B.The market is semi-strong-form efficient. C.The market receiveaitioninformation about the company. C is correct.The information from the annureport is alrea reflectein the stoprices if the markets are efficient. So the grachanges of the stoprices are not to the releasing of annureport but to aitioninformation.考点Efficient CapitMarket AnIts Forms这里的“graally”很重要，说明信息不是立即反应至价格的，因此市场不是有效的。价格在慢慢变化就说明还有其他信息。 RT
