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4. Assume that investors are irrational and that collectively they are similarly irrational. State what other force could result in the market being efficient 5.
4. Assume that investors are irrational and that collectively they are similarly irrational. State what other force could result in the market being efficient
5. Assume markets are efficient in the semistrong-form. Indicate what type(s) of analysis would be of no use.
6. State what is meant by the January Effect.
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