Which of the following statements is CORRECT?
a. If the stock market is weak-form efficient, then information about recent trends in stock prices would be very useful when it comes to selecting stocks.
b. If the stock market is semistrong-form efficient, stocks and bonds should have the same expected return.
c. If the stock market is semistrong-form efficient, all stocks should have the same expected return.
d. Because of increased globalization, all of the world's stock markets are equally efficient.
e. Even if the stock market is semistrong-form efficient, insider information may not be reflected in current market prices.