D. One could have made higher-than-average capital gains by holding stocks with low dividend yields 5. Which of the following observations would provide evidence against the sema strong form of the efficient market hypothesis? A Mutual fund managers do not on average make superior returns B. You can not make superior profits by buying for selling) stocks after the announcement of an abnormal rise in dividends In any car approximately D. Low PE stocks to Page per terket ret+ MacBook Pro SO DOO 000 F4 DIA FB DO FS VO # $ A & * - % 5 3 4 6 7 00 9 O E R T Y c 0 P D G H J L J