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A financial analyst has been asked to test for the Weak Form Efficiency Capital Market Hypothesis. She runs the wing regression on a stock price

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A financial analyst has been asked to test for the Weak Form Efficiency Capital Market Hypothesis. She runs the wing regression on a stock price series Pe Pe=pPy +E, She finds that the null Hypothesis that p=1 cannot be rejected. She concludes that the stock price series has a constant mean and variance. Select one: True False

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