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考拉女士 · 2020年02月06日

问一道题:NO.PZ2018062002000082 [ CFA I ]

问题如下:

What will an investor get when using the standard fundmental analysis to make investments in a semi-strong efficient market?

选项:

A.

He may get positive abnormal trading profits.

B.

He may get zero abnormal trading profits.

C.

He may get negative abnormal trading profits.

解释:

B is correct.
The semi-strong form of market efficiency says that all available public information is reflected in current prices. Thus, standard fundamental analysis will yield no abnormal trading profits.

​老师,不太明白abnormal trading profits异常交易盈利?可以解释下吗?

1 个答案
已采纳答案

maggie_品职助教 · 2020年02月08日

abnormal trading profits就是超额收益的意思。这道题就是问在半强有效的市场中做基本面分析是否能获得超额收益。答案是否定的,半强有效市场下基本面分析就没用了,因此选B。