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Which of the Following Is Consistent with the Efficient Market

Question 3

Multiple Choice

Which of the following is consistent with the efficient market hypothesis?


A) so-called value stocks outperform growth stocks.
B) stocks that have performed well over the past year continue to perform well for several more months.
C) a company announces higher than expected sales and earnings.The stock price immediately increases by 10%.
D) a company announces higher than expected sales and earnings.The stock price remains unchanged.

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