A Moving to another question will save this response. Question 21 BioTech, Inc. Just announced that it earned a profit of $1.05 billion over the past quarter. In an efficient market a. the price of Biotech's stock should drop immediately, B. the price of BioTech's stock should remain unchanged. the price of BioTech's stock should increase immediately d. the price of BioTech's stock should gradually increase for the next several weeks. e this information alone is insufficient to determine how the price of BioTech's stock would change Moving to another question will save this response 's go $ 2 # 3 & 4 5 6 7 W E R T Y S D G estion Competion Status Moving to another question will save this response. Question 22 A market decline of 23% on a day when there is no significant macroeconomic event m. would be consistent with the EMH because it was a clear response to macroeconomic news b. would be comistant with the EMH because it was not a clear response to macroeconomic news c would not be consistent with the EMH because it was a clear response to macroeconomic news d. would not be consistent with the EMH because it was not a dear response to macroeconomic news None of these are correct Moving to another question will save this response 30 8 . 2 3 4 %6 5 6 7 8 W E R. T U A . S D F G H Z C V B N A Moving to another question will save this response. Question 23 Which of the following phenomena would NOT be consistent with the efficient market hypothesis a "sur money managers of a year on average do not outperform the market in the next few years. b. The majority of mutual funds do not outperform the stock market indexes in a typical year. Stock price movements cannot be predicted by historical trading volumes. d. Stoces that perform well in one week are more likely to perform poorly in the following week e. None of the above choices is correct BEN 2 & 3 % 5 4 6 7 W E R T Y A S D F G H Z X C V B