Refer to the article titled The Time to Buy High-Beta Stocks? Once a Quarter from the October 5, 2020 edition of the Wall Street Journal. How would categorize the study i.e., which type of study is it?

1. An Event Study. d. An Insider Anomaly Study.
2. A Test of Autocorrelation. e. All of the above answers are correct.
3. A Rate of Return Study. f. None of the above answers is correct.

Do the results violate any of the categories of the Efficient Market Hypothesis?

1. No b. Yes c. Cannot be determined from the information given.

If you answered Yes which form of the Efficient Market Hypothesis is violated? If you answer No or Cannot be determined, answer None of the Above.

1. Violate the Weak Form Efficient Market Hypothesis. d. All of the above answers are correct.
2. Violate the Semi-Strong Form Efficient Market Hypothesis. e. None of the above answers is correct.
3. Violate the Strong Form Efficient Market Hypothesis.