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Jimmy Khan has developed a trading rule where he buys firms with relatively high dividend yields. This trading rule has consistently earned a risk-adjusted return

Jimmy Khan has developed a trading rule where he buys firms with relatively high dividend yields. This trading rule has consistently earned a risk-adjusted return of 15% per month for the past 10 years. This is evidence of:

a) semi-strong form efficiency

b) weak-form inefficiency

c) weak-form efficiency

d) semi-strong form inefficiency

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