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State whether the statement is TRUE or FALSE. Provide reasons for your answers. i. In a weak form efficient capital market, Ring Cos share price

State whether the statement is TRUE or FALSE. Provide reasons for your answers. i. In a weak form efficient capital market, Ring Cos share price reacts to new information the day after it is announced. ii. Valuable financing opportunities that arise from fooling investors are unavailable in efficient capital markets. iii. The serial correlation test is between the current return on a security with current return of other securities.

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