3. Which of the following is most likely to be true if prices reflect all information efficiently, including private inf

[answerhappygod]

3. Which of the following is most likely to be true if prices
reflect all information efficiently, including private
information?
A) the market is semi-strong form efficient B) one can earn
extraordinary returns on a routine basis C) stock investments are
positive net present value projects over the long-term D) one can
find arbitrage opportunities on a routine basis E) stock price
changes are unpredictable by public information