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    Exam 4: Security Analysis and Portfolio Theory
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    The Fact That Superior Returns Can Not Be Made by Selling
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The Fact That Superior Returns Can Not Be Made by Selling

Question 109

Question 109

Multiple Choice

The fact that superior returns can not be made by selling stocks that cut dividends is evidence of:


A) weak-form efficiency.
B) semi-strong-form efficiency.
C) strong-form efficiency.

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