6. Which of the following most appears to contradict the proposition that the stock market is weakly

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6. Which of the following most appears to contradict the proposition that the stock market is weakly efficient? Explain.

a. Over 25% of mutual funds outperform the market on average.

b. Insiders earn abnormal trading profits.

c. Every January, the stock market earns abnormal returns.

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Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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