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Answer the following questions: i. Do we expect to observe the strong form of efficient market in practice? Explain. ii. Post earnings announcement drift is

Answer the following questions:

i. Do we expect to observe the strong form of efficient market in practice? Explain.

ii. Post earnings announcement drift is an anomaly where stock prices continue to move in the same direction of the earnings surprise for several months following an earnings announcement. Which form of efficient market does the post earnings announcement drift violate? Explain.

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