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One CEO sold about 40% of the shares he owned in his company at a high point, making a $36 million profit. One week later,

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One CEO sold about 40% of the shares he owned in his company at a high point, making a $36 million profit. One week later, the company started releasing a string of negative announcements. Over three months, the stock price dropped 60%. The CEO could not have earned such a profit if the market was semi-strong form efficient. strong form efficient. weak form efficient. semi-weak form efficient

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