Which of the following statements is true? a. efficient markets protect investors from wrong choices even if they do not diversify. b. consistent with efficient markets, stock prices reach equilibrium several times per hour. c. efficient markets react to new information by partially and slowly adjusting the price of a stockto its new fair market value with a delay since it takes a while for everyone to agree. d. if markets are semi-strong form efficient, then all publicly available information is reflected instock prices and fundamental analysis is useless.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.