Can someone please tell me why the answer is B??? I think the answer should be C!!!
[question removed by admin]
Yes I think also answer should be C. Please check the source of question once.
This does not violate weak-form efficiency, which says only that price and volume data are quickly incorporated into a security’s price; information about a merger is neither price nor volume data.
It does violate both semi-strong-form and strong-form efficiency, both of which say that all public data are quickly incorporated into a security’s price.
Whoever wrote this question got it wrong. I hate seeing this sort of thing; it makes life unfairly difficult for candidates.