Calculate the MARKET ADJUSTED ABNORMAL RETURN on Day 0 Question options:

1) 8.32%

2) 7%

3) 8%

4) None of the above (this option is wrong)

Which level of the EMH argues that all relevant and available information are fully reflected in the price of an asset?

Question options:

1) Weak form

2) Semi-strong form

3) Strong form (this option is wrong)

4) This is not an argument of the EMH