Question

The fact that less than half of all equity fund managers beat the market in most years indicate that the stock market is _____.

Answer 1

Answer: largely efficient

Explanation:

The fact that less than half of all equity fund managers beat the market in most years indicate that the stock market is largely efficient.

According to the strong-form hypothesis of the efficient market, when there is an efficient market, all the private and public information would be reflected in the prices of the stock.