Multiple Choice
Which of the following is consistent with the semi-strong form 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.
Correct Answer:
Verified
Correct Answer:
Verified
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