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The following statement is a violation of which form of the Efficient Market Hypothesis ( EMH ) : An investor is able to consistently

The following statement is a violation of which form of the Efficient Market Hypothesis (EMH): "An investor is able to consistently earn excess returns if they observe the past price movements in a stock."
Multiple Choice
None of the above.
Semi-strong form.
Weak form and semi-strong form.
Strong form.
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