27. Calculate the 3-day moving average on days 3 and 4 given the following daily prices.

Day	Stock Price
1	$62
2	$40
3	$55
4	$58

Group of answer choices

$53.33 and $57.67 respectively.

$57.00 and $54.67 respectively

$56.33 and $57.00 respectively.

$52.33 and $51 respectively.

28. Which of the following is not a market anomaly?

Group of answer choices

Small firm stock returns tend to be highest in the first few days of trading days of the year.

Stock prices react immediately after new information becomes public.

Stocks with high P/E ratios tend to underperform low P/E ratio stocks after adjusting for risk.

On average the stock market return is negative on Mondays.

29. Consistently making above market returns using technical analysis would be inconsistent with

Group of answer choices

Just Semi-Strong Form Efficient Markets.

All forms of Efficient Markets.

Just Strong Form Efficient Markets.

Just Weak Form Efficient Markets.

30. Insider trading is a violation of which level of efficient markets?

Group of answer choices

Semi-Strong Form

Insider Form

Weak Form

Strong Form

31. On average, how do stocks behave after a higher than expected earnings announcement?

Group of answer choices

A stocks price jumps significantly and continue to rise for several days.

A stocks price does not change since all the information was already implicit in the price.

A stocks price falls unexpectedly.

A stocks price rises significantly and then levels off.