Multiple Choice
Which of the following is consistent with the efficient market hypothesis?
A) So-called value shares outperform growth shares.
B) Shares 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 share price immediately increases by 10%.
D) A company announces higher than expected sales and earnings.The share price remains unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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