1. Which of the following is not true about? stock? ? (Select the best choice? below.)
A. Only public companies can issue stock.
B. You will find stock shares selling in both the primary and secondary markets.
C. Stock can be sold in an initial public offering.
D. The shares are issued by incorporated companies.
2. You have observed that every time Toronto Skaters’ Corp. stock falls by 2% in one week, it rises by 8% the next week. What is this observation consistent with?
a. Weak form market inefficiency
b. Weak form market efficiency
c. Semi-strong form market inefficiency
d. Semi-strong form market efficiency