5) Which of the following is/are inconsistent with the semi-strong form of the efficient market hypothesis? [I] Significant non-random price movements [II] Price overreaction to the public release of new information [III] Superior performance of professional traders [IV] Abnormal profits from illegal insider trading

		A. I and III
		B. II and IV
		C. I and II
		D. All are inconsistent with the semi-strong form of the EMH

6) If the semi-strong form of the efficient market hypothesis is violated, it also means that the ___ form market efficiency hypothesis has also been violated.

		A. Weak
		B. Information asymmetry
		C. Incomplete information to determine the correct answer

7) Which of the following are inconsistent with the semi-strong form of the efficient market hypothesis?

		A. The January effect
		B. Small firm effect
		C. Mean reversion
		D. All of the above