1a.According to the semi-strong form of the efficient market hypothesis:

A. Private information is of no help in earning abnormally high returns.

B. Using past price and volume information, one can earn abnormally high returns from stocks.

C. Using insider information, one can earn abnormally high returns from stocks.

D. Financial statement analysis cannot be used to earn abnormally high returns from stocks.

E. Equity Analysts are always correct in predicting the best stocks.

1b. The duration of a 270-day T-Bill is (in years)

A. 0.493.

B. 0.246.

C. 1.

D. 0.7397

E.indeterminate.