Multiple Choice
A lady bought 100 shares of a leading diamond mining company with an expected return of 20 percent per year.The following day the company's president announced a major new discovery in Arkansas.The stock price immediately doubled.This scenario probably best illustrates
A) weak form EMH is not valid.
B) semi-strong form of EMH is not valid.
C) market prices are random.
D) the lady was lucky.
Correct Answer:
Verified
Correct Answer:
Verified
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