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If stock markets are weakly form efficient, which of the following propositions cannot be true? More than 20% of mutual funds outperform the market on

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If stock markets are weakly form efficient, which of the following propositions cannot be true? More than 20% of mutual funds outperform the market on average The firm's senior managers earn abnormal trading profits The stock market earns above-normal returns every January Investors following technical trading rules do not earn abnormal returns ab a

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