Market Efficiency sample question
Choose an answer before revealing the explanation, key takeaway, and answer-choice review.
Question 1 of 1Score 0/1
CFA Level I sample question
CFA Level I Market Efficiency question
Equity Investments
Market Efficiency
A company releases unexpectedly favorable earnings at 8:00 a.m. By 8:05 a.m., the price has adjusted and traders using only the announcement earn no abnormal return. This result is most consistent with:
Report an issue
Get one CFA Level I question by email
Receive a weekly practice question with answer-choice explanations and a short takeaway.