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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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