(3) Which of the following would provide evidence against the semistrong form of the efficient market theory? Your portfolio return is 10%, while the market return is 16% in the same year B. Junk bonds have a lower return than investment grade bonds in the same year You make abnormal profits using publicly available earnings information D. High beta stocks have higher average returns than low beta stocks (4) If the efficient market hypothesis is valid, which of the following statement is correct