Determine the efficient market being discussed in each of the following situations.
1. PSE provided all the necessary informations needed by the traders both public and private in the price of stocks.
2. Ms. Kayecee is a regular trader of stocks in the market. Based on the data presented to her, stock prices reflected all past market trading and historical information only.
3. Under this theory, investors still cannot gain systematic profits even if they gather information that is not yet publicly known.
4. Mark, Michael and Marianne are activetly engaged in trading stocks. Based on the reflected stock prices information available include the product, management team, financial statement, competitors and industry.
5. One hundred traders attended the bidding for the newly offered shares. These traders had access on the past