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In studying the impact of dividend omissions announcements on daily stock prices Szewczyk, Tstetsekos and Zantout found that the significant change in price occurred on

In studying the impact of dividend omissions announcements on daily stock prices Szewczyk, Tstetsekos and Zantout found that the significant change in price occurred on the same day. Multiple Choice

A)These results are inconsistent with weak form efficiency.

B)These results are consistent with strong form efficiency.

C)These results are consistent with semi-strong form efficiency.

D)These results are inconsistent with all forms of market efficiency.

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