Question
1) The long-term reversal is inconsistent with I The weak form efficient market hypothesis II The semi-strong form efficient market hypothesis III The strong form
1) The long-term reversal is inconsistent with
I The weak form efficient market hypothesis
II The semi-strong form efficient market hypothesis
III The strong form efficient market hypothesis
I and II
I, II, and III
I
None of I, II, and III
2) Stocks with high market betas have higher expected returns than stocks with low market betas. This evidence is inconsistent with I. The weak form efficient market hypothesis II. The semi-strong form efficient market hypothesis III. The strong form efficient market hypothesis
I
I and II
I, II, and III
None of I, II, and III
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