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Momentum has been reported in stock returns in many world stock markets. Existence of momentum: a. leads to abnormal return if weak form efficient market
Momentum has been reported in stock returns in many world stock markets. Existence of momentum: a. leads to abnormal return if weak form efficient market is accurate. b. contradicts weak form of EMH. c. contradicts semi-strong form of EMH. d. leads to normal return if weak form efficient market is not accurate. e. All of the above answers are correct.
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