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Some empirical evidence shows that firms with high B/M ratio tend to outperform those with low B/M ratio, which is against: a.Both weak-form and semi-strong

Some empirical evidence shows that firms with high B/M ratio tend to outperform those with low B/M ratio, which is against:

a.Both weak-form and semi-strong market efficiency.

b.Strong-form market efficiency

c.Semi-strong market efficiency

d.Weak-form Market efficiency

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