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An investment strategy that buys 6-month winners and sells 6-month losers earns a positive abnormal return in the following 6 months. Which form of market
An investment strategy that buys 6-month winners and sells 6-month losers earns a positive abnormal return in the following 6 months. Which form of market efficiency does not hold? Choose all answers that apply, and give a brief explanation as to why.
A. Weak form
B. Semi-strong form
C. Strong form
D. None of the above
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