A finding that EMT. would provide evidence AGAINST the semi-strong form of the O Expansion disclosure reactions take considerable time. Technical analysis is worthless in determining stock prices. O Money managers do not outperform the market as a whole. O Investors do not earn abnormal profits after merger announcement. O 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
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A finding that
would provide evidence AGAINST the semi-strong form of the
EMT.
O Expansion disclosure reactions take considerable time.
Technical analysis is worthless in determining stock prices.
O Money managers do not outperform the market as à whole.
O Investors do not earn abnormal profits after merger announcement.
O The price decline of large secondary offerings is permanent when outsiders are selling.
Transcribed Image Text:A finding that would provide evidence AGAINST the semi-strong form of the EMT. O Expansion disclosure reactions take considerable time. Technical analysis is worthless in determining stock prices. O Money managers do not outperform the market as à whole. O Investors do not earn abnormal profits after merger announcement. O The price decline of large secondary offerings is permanent when outsiders are selling.
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