For each of the following empirical results, explain why this is presented as evidence of the weak ecient market hypothesis No more than 2 sentences each 1) Mutual funds do not make abnormal returns on average 2) The serial correlation of daily stock returns is very close to zero 3) Prices react quickly to news For each of the following empirical results, summarize why they challenge (any of the) the ecient market hypothesis No more than 2 sentences each 1) The January effect 2) The size effect 3) Excess volatility 4) Value strategies QUESTION 9 For each of the following empirical results, explain why this is presented as evidence of the weak efficient market hypothesis No more than 2 sentences each 1) Mutual funds do not make abnormal returns on average 2) The serial correlation of daily stock returns is very close to zero 3) Prices react quickly to news QUESTION 10 For each of the following empirical results, summarize why they challenge (any of the) the efficient market hypothesis No more than 2 sentences each 1) The January effect 2) The size effect 3) Excess volatility 4) Value strategies

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For each of the following empirical results, explain why this is presented as evidence of the weak ecient market hypothesis. No more than 2 sentences

For each of the following empirical results, explain why this is presented as evidence of the weak ecient market hypothesis. No more than 2 sentences each. 1) Mutual funds do not make abnormal returns on average 2) The serial correlation of daily stock returns is very close to zero

3) Prices react quickly to news

For each of the following empirical results, summarize why they challenge (any of the) the ecient market hypothesis. No more than 2 sentences each.

1) The January effect

2) The size effect 3) Excess volatility

4) Value strategies

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QUESTION 9 For each of the following empirical results, explain why this is presented as evidence of the weak efficient market hypothesis. No more than 2 sentences each 1) Mutual funds do not make abnormal returns on average 2) The serial correlation of daily stock returns is very close to zero 3) Prices react quickly to news QUESTION 10 For each of the following empirical results, summarize why they challenge (any of the) the efficient market hypothesis. No more than 2 sentences each. 1) The January effect 2) The size effect 3) Excess volatility 4) Value strategies