Problem:
Stock prices fluctuate daily. In relation to the efficient market hypothesis, these fluctuations are:
- Consistent with the strong form because prices and information are controlled by insiders.
- Consistent with the semi strong form because new information arrives daily.
- Consistent with all forms of market efficiency provided the prices do fluctuate on a daily basis.
- Inconsistent with all forms of market efficiency.
- Inconsistent with the semistrong form of efficiency because prices should be stable.
Note: Please provide full description.