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Madison was hired to design and decorate the offices of a large pharmaceutical company. She accidentally read a report indicating that a new drug had
Madison was hired to design and decorate the offices of a large pharmaceutical company. She accidentally read a report indicating that a new drug had just been approved by the Food and Drug administration. She immediately bought the company's stock which doubled in price over the following week. This outcome is inconsistent with
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the weakform efficient market hypothesis.
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the strong form efficient market hypothesis. Her action was probably illegal.
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the semistrong form efficient market hypothesis.
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all of the above.
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