Are the following statements true? Statement 1: An anomaly has occurred whenever a security earns a return greater than its expected return. Statement 2: The joint hypothesis problem says that any test of market efficiency is also jointly a test of the underlying assumed equilibrium model.

Are the following statements true? Statement 1: An anomaly has occurred whenever a security earns a return greater than its expected return. Statement 2: The joint hypothesis problem says that any test of market efficiency is also jointly a test of the underlying assumed equilibrium model.

	A.	Yes.
	B.	No. Both are not true.
	C.	No. Only statement 1 is true.
	D.	No. Only statement 2 is true.