1.Which of the following information would provide evidence against the semi-strong form of the efficient market hypothesis (assuming that each of the statements themselves is true)?Circle all that apply (no explanation necessary).

i.Companies with predicted earnings announcements this month tend to have abnormally high returns

ii.Stocks with high investment last year tend to have abnormally low returns

iii.Companies have high returns in February when they have had high returns in the past five Februaries

iv.Markets have higher expected returns when risk aversion is high

v.Stock prices for takeover targets on average rise in the days before the announcement