A finding that _______________would provide evidence AGAINST the semi-strong form of the EMT. Group of answer choices a. Expansion disclosure reactions take considerable time. b. Technical analysis is worthless in determining stock prices. c. Money managers do not outperform the market as a whole. d. Investors do not earn abnormal profits after merger announcement. e. The price decline of large secondary offerings is permanent when outsiders are selling.
A finding that _______________would provide evidence AGAINST the semi-strong form of the EMT. Group of answer choices a. Expansion disclosure reactions take considerable time. b. Technical analysis is worthless in determining stock prices. c. Money managers do not outperform the market as a whole. d. Investors do not earn abnormal profits after merger announcement. e. The price decline of large secondary offerings is permanent when outsiders are selling.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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45. A finding that _______________would provide evidence AGAINST the semi-strong form of the EMT.
Group of answer choices
a. Expansion disclosure reactions take considerable time.
b. Technical analysis is worthless in determining stock prices.
c. Money managers do not outperform the market as a whole.
d. Investors do not earn abnormal profits after merger announcement.
e. The price decline of large secondary offerings is permanent when outsiders are selling.
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