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Assume that the Palestine Exchange (PEX) is semi-strong form efficient. PALTEL announces an earings-per- share figure that is 20% higher than the average consensus of
Assume that the Palestine Exchange (PEX) is semi-strong form efficient. PALTEL announces an earings-per- share figure that is 20% higher than the average consensus of market analysts. Based on the above information, do you have an opportunity to earn abnormal returns Select one: a. No, since the market is semi-strong form efficient O b. Yes, since the market is semi-strong form efficient. c. The information provided is not sufficient to
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