Consider each statement independently. Which of the statements would likely indicate a violation of the weak-form of Efficient Market Hypothesis?

[l] "Sin stocks (e.g tobacco companies and weapon manufacturers) tend to produce positive abnormal returns.

[ll] Stocks with high trading volume in the current month tend to produce negative abnormal returns in the subsequent months.

A) I only.

B) II only.

C) I and II

D) Neither