If you are testing the efficient market hypothesis and your results indicate the presence of an anomaly in stock market behaviour, you can conclude:

a. Markets are inefficient

b. In appropriate risk adjustments

c. Market are efficient

d. Both a and b can be correct

e. Both b and c are correct

f. either a, or b or both can be correct

If you are testing the efficient market hypothesis and your results indicate the presence of an anomaly in stock market behaviour, you can conclude:

a. Markets are inefficient

b. In appropriate risk adjustments

c. Market are efficient

d. Both a and b can be correct

e. Both b and c are correct

f. either a, or b or both can be correct