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There is a 50% probability that the sales of BFIS, Inc. will be $10 million next year, a 20% probability that they will be $5

There is a 50% probability that the sales of BFIS, Inc. will be $10 million next year, a 20% probability that they will be $5 million, and a 30% probability that they will be $3 million. Calculate the STANDARD DEVIATION of next year's sales.

Question 20 options:

1)

$10.2151 million

2)

$6.9 million

3)

$3.1765 million

4)

$4.805 million

Which of the following are inconsistent with the semi-strong form of the efficient market hypothesis?

Question 7 options:

1)

The January effect

2)

Small firm effect

3)

Mean reversion

4)

All of the above

5)

Both a and b

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