a. you cannot expect to make abnormal returns by trading on private information b. you can reasonably expect to make abnormal returns by basing trading decisions on an analysis of quarterly sales announcements made by the firm c. you can expect to make abnormal returns by basing trading decisions on the history of past prices d. you cannot expect to make abnormal returns by basing trading decisions on an analysis of accounting information in firms' annual reports e. semi-strong form market efficiency implies all of the above

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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19. If markets are semi-strong form efficient this implies that:
a. you cannot expect to make abnormal returns by trading on private information
b. you can reasonably expect to make abnormal returns by basing trading decisions on an
analysis of quarterly sales announcements made by the firm
c. you can expect to make abnormal returns by basing trading decisions on the history of past
prices
d. you cannot expect to make abnormal returns by basing trading decisions on an analysis of
accounting information in firms' annual reports
e. semi-strong form market efficiency implies all of the above
Transcribed Image Text:19. If markets are semi-strong form efficient this implies that: a. you cannot expect to make abnormal returns by trading on private information b. you can reasonably expect to make abnormal returns by basing trading decisions on an analysis of quarterly sales announcements made by the firm c. you can expect to make abnormal returns by basing trading decisions on the history of past prices d. you cannot expect to make abnormal returns by basing trading decisions on an analysis of accounting information in firms' annual reports e. semi-strong form market efficiency implies all of the above
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