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Multiple choice question 13. Which of the following observations appear to contradict the weak form of market efficiency? The average rate of return is significantly
Multiple choice question
13. Which of the following observations appear to contradict the weak form of market efficiency? The average rate of return is significantly greater than zero. The correlation between the return during a given week and the return during the subsequent week is zero. One could have made superior returns by buying stocks after a 10% rise in price and selling after a 10% fall in price. One could have made higher-than-average capital gains by holding stocks with low dividend yieldsStep by Step Solution
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