Multiple Choice
Discoveries of buying shares of stock at the closing price on a given day and selling them before noon on the following day, you can generate an excess return.
A) This is a violation of weak-form market efficiency
B) This is a violation of semi-weak-form market efficiency
C) This is a violation of semistrong-form market efficiency
D) This is a violation of strong-form market efficiency
E) This does not violate market efficiency.
Correct Answer:
Verified
Correct Answer:
Verified
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